RE: 5p by June9 Feb 2025 09:24
@hamm
“We are fortunate that we have Abzzba who knows lots about oil industry and all the references/ links he has given us to help to understand more“
Abzzba may or may not have oil field experience - unless you know him he’s just a stranger on the internet making a claim (fwiw I believe him). However, what we know for a fact is he’s a liar (see my previous post) and has a terrible track record with his assertions. This was his October position which you can (should) compare and contrast to the reality.
“My 12 month look ahead.
H1 starts producing within the next 2 weeks, initially around 300 bbl/d increasing to 400 bbl/d in a couple of months, we may even see more than 400 bbl/d once the geology and down hole conditions are better understood.
H2, well test results are expected to be favourable and commercial, given we have till around the end of November to complete the well and bring it online we should have production from H1 and H2 over winter months. H2 production guess would be on or around 300 bbl/d, this gives us a minimum of 600 bbl/d initially and my guess is around an average 700 bbl/d average in the next 12months (trying to be conservative here).“