The TSR should provide SER will the road map in terms of what next steps to take, and for me if I knew this was coming I would probably want to see this 1st before any future drilling
As for JV I feel we will know more soon re this - IMPO if the TSR as above shows the roadmap for how best to get the oil out, why would another Oily with capital not want to have a slice of the cake so to speak, afterall we know the oil is there?
Another extract I find interesting from 'Hardman & Co' was Kansas producion;
"Production from Kansas is stated to be approximately 300 bbls, from six producing wells. While this is low – it equates to total daily production of 9-11 bopd – the Company states that it is planned to increase output by:
• stimulation of, and recompleting, the existing wells, and • bringing more wells on stream.
In this connection, the Company has disclosed that it has, to date, completed workovers on 20 potential producing wells"
Surely with these 20 wells now being online we should see production increase well over 300 bopm afterall the 300 came from only 6 wells so the other 14 should make a difference I feel?
According to Hardman & Co, the Thermal Stimulation Report is expected by the end of April. This would explain why they have delayed the drilling of Harte #21/21. Given the amount of time we have waited for this report, waiting a further month to ensure they get it right makes complete sense to me. The question in my mind is will they drill with their own funds or through a JV?
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