Ridiculous #'s...frankly I didn't realize they could get that much from each lease. It makes me better understand their confidence about trading with the big boys sooner rather than later. Still waiting for the "actual" numbers on LaNina and Covenant but I can't see them funding re-works and still negotiating an LOI on Bakken if they weren't VERY confident about getting the second $1M tranche.
I have been wrong before and will be again...but there is alot to read into this PR between the lines IMO.
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