Suggest you look at their projected cash burn in their prospectus, how long do you think 250 mill will last, as for bbls/day I can only hope that was a typing error, if you meant a 100,000 bbls/day then this will be the mother of all miracles in 12 months, clearly the lights on but no ones at home if you seriously believe that which judging by your second statement you clearly do, then do you realise the scope of seperators, PFs, storage tanks, export pumps, pipelines etc they will need to have in place for that to happen, hey oh it's off to Disneyland we go.
250 million wont be enough to fund us to 100k a day mate. That will be enough to keep us going for another 18/24 months though, maybe getting PF3 and another couple of wells done, during which time we simply have to have some oil sales revenue coming in, and reliably selling 50k+ barrels a day. Being self funding is some way off really.
Reaching 100k barrels a day wont happen until somebody with bags of firepower is driving the bus. We would need around 20 wells and 7PFs for that to happen. Its a long way off indeed when a company who only lies to drill 1 or 2 wells at a time.
Looks like a winding path back down lower. Top up if it dips into the 80p region again. £250 million will pay for many multi horizontal drills in Shaikan. Should see this well over 100bpd easy in 12 months.
Are we of the oppinion that such a aggrement would boost the sp here. Or will it continue as normal and defy all logic. CC verdict springs to mind, Sp nosedived after all the hot air expelled over the great result for Gkp. Esox.
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