Monday, April 16, 2018 3:59:02 PM
If you didn't watch the YouTube. Video I posted about Atok big wedge annual shareholders meeting which discusses the hidden value of sc72. Please watch it....billionaire ongoing goes on to say that malampaya was worth about 200 bil in its lifetime and that sc72 could be 3 to 5 times malampaya size...... making. That field a trillion dollar find??? Make it 300 billion and I'm still jumping for joy.
Oil is over 70 a barrel again. Gas is edging higher and LNG demands a huge premium in Asia if we follow through!!!:
Furthermore the united states energy dept is on record saying that the reserves in the South China Sea are only second to Saudi Arabia and bigger than Mexico... they also say that 1/5th of that is in the reed bank!!!! Estimating like 20tcf? But also point out the risk and the fact that we don't know if it's recoverable yet. But considering malampaya is just right there too I feel pretty darn good about it..
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