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Andy's avatar

I was unable to locate any of your work after July 2021. I am interested in seeing the changes in your valuations. Is there anything? The years of reserves went from 7 to 30. Pretty big bump, although when discounted it isn't quite as powerful as it might seem.

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Michael Blair's avatar

Yes. The RLI will fall as they increase production from the Repsol lands unless the drilling on those lands has a recycle ratio greater than 1. All of my work is stored somewhere on Substack but none of it predateds July 2021

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Andy's avatar

Very helpful

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