XEL - as confirmed in an article in today's Aberdeen Press and Journal (P41), as quoted by a Statoil spokesman;
"interpretation of extended well-test data from the nearby Bentley field, a close analogue to Bressay, has given positive indications that there is potential to simplify the concept and investigate alternative and more cost-efficient development solutions".
Unable to provide a link as it is subscription only.
But I am sure other who subscribe to the P&J can verify the content...
I don't know what people think? but I view the news on Statoil beeing the buyer of the EWT data as not too surprising. Personally, I would have liked something a bit left field to really stir the pot at this stage! However, I think that the economics of the Bentley development will be being looked at closely by a number of interested parties and ultimately I think there will be bids for the company as a whole and sure as eggs is eggs that time is getting closer (hey ho, it has been a long wait).
I took from the AGM in Paris in the summer a very strong indication from RC that the newer XEL prospects would likely be thrown in as a sweetner in 'farm in' discussions. depending upon your viewpoint, you could view that as the for sale sign up on the whole company? I hope so. RC, SK and RR surely know this is their big payday chance and I'm sure they'll give us all a result worth waiting for here. Been here since 43p days on my first lot which seems a long time ago now, more in the 70ps and 120s and some expensive top ups since HAHA. Anyway, best of luck all
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