RE: Short term expectations.16 Jul 2025 09:04
Reposted as buried under a sea of BASHER negativity.
We can expect an RNS very soon, i still think this week, some say next week, expect it to lay out work scope for the first well to be re-worked, quite probably H2 where MB has stated it will be acidized and well tested, acidizing is a well stimulation technique used in oil and gas wells to improve production by dissolving formation damage or enhancing the natural permeability of the reservoir rock. It involves pumping acid solutions (such as hydrochloric acid or hydrofluoric acid) into the wellbore and surrounding formation to open up flow channels, it can improve production by a factor of ten, probably that is too much to hope for, we know H2 well tested at 30 bopd so a factor of 5 improvement would be a good result.