Go it alone.4 May 2026 09:47
During March/April Brent averaged $104, will the oil price stay high throughout 2026, pretty sure it will and also into next year, great news for our bank balance, more so given the million dollars we received from Petro China a few months ago.
I like the idea of going it alone, GOBI perforation and well test, due to the oil migrating we may not be in GOBI sweet spot but analysis of the well cuttings proves oil is present, so we can expect production from GOBI, maybe not as much as we would have got if we had hit the sweet spot but one or two hundred bopd is on the cards.
MB has often mentioned Gazelle updip, given the elevated oil prices we would have enough to drill Gazelle 2 later this year, no raise needed, the updip by its very nature means no water present, oil being lighter than water it sits above the water, Gazelle 2 drilled direct into the updip has the ability to be our best producing well, 200/300 plus bopd.
H2, will we radial drill as per 16th December corporate presentation, lets wait see what MB decided but as H2 is already drilled, cased and completed this is low cost operation so again affordable this year without a raise.
Imagine GOBI, Gazelle 2 and H2 producing over winter and into next year at elevated oil prices.
2027, cash in bank, drill a 3 or 4 Heron wells, should result in 2 or 3 producers but we also need a Heron injection well to boost reservoir pressure and boost production from all Heron wells.
Why give half our riches away, assuming oil price remains high we can afford to do this ourselves without a raise.
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