Reckon they will spud next week. Cormorant had a 15% chance of success, prospect S has 29%. Chariot O&G is targeting a different prospect type & age - results of Cormorant do not impact 29% chance of success we have on prospect S which has been derisked by the discovery of light oil from nearby Wingat well. Targeting 300mmbbls net to Chariot (65%) with historic low drill costs & Brent Crude Oil rocketing towards previous highs. If prospect S is a success what's your SP estimate in the success case?
#CHAR Historic low drill costs, however Brent Crude Oil rocketing towards previous highs. If prospect $ is a success what's your SP estimate in the success case? https://t.co/0Ii34XOYQz