makes sense for them to average down...they know where this oily-juggernaut is going.
Now with HK getting its grips on over 200,000 acres of TMS acreage it will be of enough size to attract the BIG oceanic barracudas of the energy-majors. TMS EURs average ~ 750,000 bbls of light-sweet crude and that is figuring just 6% recovery of OOIP. As the operators finesse the drilling & completion recipe, that recovery-rate could climb to 10% within a couple of years. Valuation for HK will soar as the 3P reserves vault higher!