Took a punt on this about 8 months ago with a nice amount - was a tip from a top bloke at work and although it was not nice to watch my initial proffits dissapear - I'm glad I've stuck with it - Go on my little Hawk - And well done to Stuarto for his EXCELLENT Map. ISMER
RE: Exit value
Mr BB You suggest happy!!! More like. ecstatic adjective 1. feeling or expressing overwhelming happiness or joyful excitement........LOL
great to see some optimism return & particularly for Rick to refer to our high margins making our wells more viable than many of our rivals.Our value therefore must be higher than comparable acreage & leads me to wonder how much The Swedes ,& Rick, hope for when we eventually exit. We need to demonstrate increased production across several new fields & ,who knows,but could we be worth 50p per share,valuing us ,based on current issued(&Ito be issued) shares,@ about $1billion. That would make me ,Scarlet & The Swedes very happy,but is it possible??
Oil well spacing
I don't think it works like a bath, one plug drains the lot. You can't get a whole oil field out with one well, the suction needed would be enormous, you're drawing oil in from 360 degrees thats why the wells are spaced out in licenses. Licenses for horizontals are different and take into account how far they reach. It depends which direction the horizontal well takes or if they are multi directional. So I've been told. Nighthawk has a massive acreage. If all the wells were drilled hawk would be a multi billion dollar company.
I think the likely hood of two company's drilling into the same vein is slim to none. Vertical drills at depth by two company's at the same time in the same area into the same vein is unlikely although I would not say impossible.
Tigger. Your extracting the urine now, coin a phrase joe bloggs......lol
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