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Readying for full production and shipment news must be close.
*Based on 3D seismic mapping and the results of Chuditch-1, the planned vertical appraisal well drilled at this new location is expected to encounter gas-charged reservoirs 16m shallower than at the initial location and, as a result, SundaGas now predicts a taller 149m gas column in the reservoir target versus 133m predicted at the initial location.
*Detailed workshops are being held on a regular basis with joint venture partner TIMOR GAP and government regulator ANP, whose input to operational and logistical planning is continuing to prove invaluable.
*Discussions with a number of potential funding partners are ongoing and further announcements will be made at the appropriate time.
Dr Andy Butler, Chief Executive Officer, commented:
"The successful completion of the Site Survey, leading to the selection of an improved drilling target location with optimal seabed conditions, is another key milestone towards drilling the Chuditch-2 appraisal well. We look forward to providing further announcements on the Chuditch project, including with respect to well planning, execution and drill funding, at the appropriate times."
This company has some nice assets.
I have enough capital in my account to see if you punch in for a quote for a modest albeit very small in the grand scheme of things £20k the MMs will be cleared out. Therefore very little stock available.
Also I have been saying this will rise from the low 0.5s which it is now up nearly 30%. Yet my own expectation is that this still has a considerable ways to climb. Not advice, but just my belief hence I have no sold as I see this is at base camp share price wise with plenty of funds in the bank and discussions well underway to get Chuditch funded at a project level.
Meadow, there's very little stock available
Shouldn't be too difficult for BOIL
Expecting this massive offtake news at any moment now
Leaky leaky - JV news next week?
$2.5mil Goddard and deferred. :)
Funding done
-Final pipes fit from next week
-Canmax backing company
-Production imminent
-PREM usually does 100-200% moves every few months.
The Canmax backing is very significant.
The grades are sounding exceptional.
Back with BOIL now. Overhang looks completely gone. Should steadily rise now. So much news ahead:
🔷️Technical Site Survey
🔷️Rig Contract
🔷️Farm-Out
🔷️Further Board Apts
🔷️Environmentals
🔷️Rig Mobilisation
🔷️Well Spud
🔷️Flow test result
-Funding done
-Final pipes fit from next week
-Canmax backing company
-Production imminent
-PREM usually does 100-200% moves every few months.
The Canmax backing is very significant.
-Funding done
-Final pipes fit from next week
-Canmax backing company
-Production imminent
-PREM usually does 100-200% moves every few months.
-Funding done
-Final pipes fit from next week
-Canmax backing company
-Production imminent
DYOR not advice just my expectation.
Can't buy a bean RN
DYOR and not advice just my expectation.
Seems conservative.
Soon those on the sidelines will pile in as always with BOIL
They are an amazing partner.