I just wanted highlight one aspect that I understand is relevant..
A lot of people complaint in past about decision of Grace and Kar board went alone...
I (in spite to be always so critical to the board) told the comments was wrong and didn't reflect the reality.
a) Board went alone not because they wanted but because nobody came to pay a minimum acceptable price.
b) the price and cost to Don't go could be seriously bad (and after sell Browse we see how difficult would be have still Grace in equacion)
Now that we "discover" more oil in Kangoroo 2 nobody is complaining that we have 65% and should be lets say 35% with too much risk management...
But if the place was dust I'm positive a lot of guys will jump saying... the board should target a JV and not go alone..
As a "tech" supporter of team again they must receive congrats..They are goodie ones (and sorry the political area that have no level to keep the same)..
But lets celebrate ...(too early and too low)
We should be at least 4.50/5 after the sell of Browse and now going to 5.50/6
But lets hope today the short report show a drops from current levels creating the correct momentum to break the 4 barrier
Cato
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