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Re post 691 - 2 billion gas discovery. However, it will cost 2.1 billion to extract and get to market.

Even the gas find is not commercial here - red day ahead

you'll have pro in tears gib.,.

I don't think it is viable... sp still falling.

lol baler but i hope not - he does have some very good points also though - but the gas find is not commercially proven and to make it commercial the find needs to be massive at least 5 / 6 trillion cubic feet due to location and that type of gas expensive to process - that is well known - i hope you did well here before the drop - i guess someone like cynic might be shorting here right now

hyleo - unlikely to be imo which is maybe why that was not mentioned in the rns - wonder how low this will drop / where the bottom will be

It's not commercial if it's on its own....this is condensate...if the drilling program goes well : it will not be on its own...there will be infrastructure...rigs everywhere....such early days yet...

this is worth remembering : Hoil was £4 plus based on an oil find then dropped almost immediately to £1.50 when their find was proved gas, additionally AUL also went from 86p to 18p when their oil turned to gas, that says it all imo gl

Was not condensate.....big, huge difference in price...

rf - good point and because early days only and other mitigating factors the chance of lower sp is imminent

Possible...but this might go back up to hover around 100p prior to next spud....

buy buy buy.,.

I suppose the Argentinians are rubbing their hands with glee, trying to pretend that they didn't really want that part of the Malvinas anyway!

I doubt it HC.....this drilling campaign is going to be superb....

baler 50p would be nice! i seriously hope no one burned here though as otherwise that 50p comment would not be welcomed i realise that

220p offer for Cove Energy,,,you see...even Shell loves gas......girlfriends don't but oil companies do.....

the drilling campaign will have its ups and downs as it already has politically would expect some sort of a deal with that mad argy woman will happen in time - argies are nothing much on their own - depends how much other SA countries back them and what if any US involvment diplomatic or other

lol rf

COV is mainland Africa rf, with infrastructure already in place.