I wouldn't be hanging my hat on a particularly significant rise next time (though I wouldn't rule it out equally). I see things as a potential two stage affair. Sorting out things on the ground (existing processes/staff/rigs) may get us some way there and rising but then the next stage (involving LO + investment) may further spur more dramatic rises. Especially if they end up bringing in more rigs etc.
It is your interpretation if you think the 5 drills a month is achievable, with 5 fully operational rigs (1 drill per rig per month) I think that is reasonable and can be achieved. You even contradict your own point in your later post to Celtic and acknowledge that it is perfectly reasonable and possible that the LO deal is funding all of this (be that RRL Rigs or otherwise).
You do seem to be answering your own questions....however, even if the above is not possible as RTN points out even with three rigs turning over, the prospect of getting a large percentatge increase in BOPD is still probable IMHO.
Here is to a blockbuster update when it comes, hopefully next week sometime....the T&T Petrofin (FO) numbers for July 2014 will probably be released tail end of next week also which will give us an insight (non – scientific) as to what the current production rates are.
Rich it's also worth considering that RSR is not reporting on every single spud or we'll completion, so if we are studding multiple wells from single pads as are LGO, then it may well be that numerous wells may come on line at the same time, add to this the MD water flood and you can see where the growth in. Production is coming from.
Whether RSR is right to withhold updates is very much up to discussion though, but as long as we get where we are going I am reasonably relaxed.
HX, Celtic, I know it is futile to argue against your passing off wishful thinking as research. Have a good read of the LO deal and what sort of company they are. They are a concept/technical company. They tell you how and where. $5m drawn down (owing) is for that purpose. As for the cash credit line to fund other works, only time will tell if it will include funding for salaries, and payments to other contractors.
I can't see anywhere that LO actually carrying out physical drills. Please tell me whether LO is a drilling company or a technical advice company.
Two weeks for a drill! LMAO. Have you not looked the the track record? I can also claim I think I can run 100m in 6 seconds....
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