Hmmm.... a total work program of US$ 13.2 million including:
1) Aeromagnetic/gravity for 5,400 km
2) 75km to 150km of seismic over the target zone
3) A well.
"The work program is of a value of up to US$13.2million in total and will target/test a reefal trend believed to extend south east of the Antelope discovery."
Sentiment: Strong Sell
curiouser and curiouser...........good job, bonk
Longtards, Is this why IPI investors are disagreeing with IOC? Do they feel they've been ripped off? Have they? Please do tell, lol. So many hundreds of millions were spent deep in those jungles,,,,,
I think some IPI investors get shafted here, IOC only has so much wiggle room.
C'mon IPI Investors, tell us how it's going, how you've lost ground over the last three years,,, HO HO HO HO, tell us about the calls for more cash, HO HO HO HO HO
It is beyond common sense, but then again, nothing that IOC does makes any sense.
So your saying E/A is a huge resource??? Wow Bonk, you've come a long way with your thesis since the DENIAL days. Dare I say you'll be a long in a few weeks???????
Noooo....I'm asking how IOC can pour $300 million+ into upstream for two wells (A-3 and T-2) when other companies that don't even have $100 million market caps can punch holes all over the country.
Ho Ho HO