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Not sure how much the reservoir damage from the heavy mud due to the very high pressure has impacted the flow rates from NT-2 matherdj? JB had mentioned significantly higher rates expected on a successful remediation and workover.
The strategy we are following is proven and correct cause of action. This thread has more chips than McCann's, is you get my drift
Regardless of what is possible from Ruvuma Tanz, I honestly think the board are trying to develop a progressive vehicle to move forward independent of this and I also appreciate that it won't come easy,
Ruvuma and H- one are both inherited from the NR days and the two they have decided to stick with ( possibly because they have no options, and while the negotiations with the dutch deal are taking longer than hoped, they are still going,
They have disposed of everything they can to clear the floor for the next stage of development,
All we know from knowledge is the credibility of the present board, the same people that took RRE from under 50p to where it is today,
Yes this suspension and lack of communication is frustrating and anoying but there comes a point where you have few choices and I choose to believe they can make this really happen,
Absolutely. I’d say they’ll get more than 20 from each well. That 140 a day target in the io report seems low. I’d hope for 80-100 from nt-1, 2 and ch-1 after workovers and a successful clean drill. I don’t know what can be achieved by a workover though. How much is nt-2’s damage is reversible?
Sorry 20 mmscf/d per well of course.
I was thinking along the same lines matherdj, 1 BCF per day is far beyond any current FFD plans @ around 20 mmscf/d for the 8 planned wells over Ruvuma. It says potential demand from Kenya and Uganda is 1 BCF per day, interpret it how you like, if the JV supply 10% of that it will be significant.
Tanzania won’t be able to supply 1 bcf per day imo. That slide on your tweet says the Kenya and Uganda’s gas demand will be 1 bcf per day in 4 years, not that Tanzania will supply that. Still a great slide showing plenty of demand to take what ruvuma produces.
Thanks Steve, current price is $3.27 PER mmscf/d I think?
If the TPDC forecast is anywhere near correct then that will all have to come from current wells/onshore development as offshore LNG is about 8 to 10 years away. Ruvuma would be emptied of all it's gas within 2 to 3 years based on the current 763 BCF 2C
Evening Chris.
If my maths is correct price about $1.87 per 1000 c ft so about $1.87 million a day.
Would be about £1.4 million a day or about £500 million a year.
Seems a bit high to me might have to check.
Evening steve, you have demonstrated you are good with numbers, so how much is 1 Billion cubic feet a day worth at current Well head prices as per KN-1?
https://twitter.com/cperkin99/status/1225436178607898625/photo/1