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"Tight hole" meaning, with regards to what Leo referred to in his interview this morning
"In the oil and gas industry, any well is deemed as a tight hole when its drilling data and other drilling parameters are not widely available with the E&P organizations or if it is related to the geometry of the well. The tight hole status is sometimes granted by the states which helps the companies in keeping the information secret with respect to a well. Mostly, the drilling information is not shared just to get a competitive edge over other E&P organizations. This secrecy is related with the benefit that the organization will reap out and thus, the exploration wells are termed or designated as tight holes."
“Why does it have to be a secret”
Good question. Let’s brainstorm: the results meet/exceed expectations. What would happen next? Would they develop it alone? Would they partner up? They may want to keep things quiet whilst event unfold, decisions are made, negotiations done? Just thinking out loud.
Leo with a big smile, great to see.
"The well has been lively" the pressures must be good.
On the clip at the end I was looking for an oil sheen on the slurry which wasn't visible
"A tight drill, I'm not allowed to say"
Why does it have to be a secret.
Great appointment they want to keep him. His first video for Cerp did impress me well worth another look and he's doing another one shortly.
Happy days :))
A Good Meticulous move. :)
Note that LK was already executive chairman of the board. So today’s announcement strengthens the leadership of this company with Leo focusing on SWP and WNZ and Tony on running the rest of the company. He will no doubt be focusing on any other projects that require his legal expertise (Goudron renegotiations, SWP development, other deals in Suriname etc, etc).
very true LGO fan
Frontline obsession, a trait of every entrepreneur
Totally agree Razor, 'lively' does sound very encouraging, the company seems to have a sense of direction, I get the feeling Leo is happier on the ground getting his hands dirty, which I something I like, leading from the front.
especially done for Peter :-)
The move makes total sense, SWP and WNZ will require all LK's attention.
Saffron is “ Lively “
Leo sounds excited - all looking good for a great Xmas present
https://columbus-erp.com/news/videos/
Makes complete sense to me to split the roles. Leo explains the rationale behind it with some snippets about Saffron. A small progress montage at the end of the interview