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The question is what is positive??
Here is my gut
No flow - we tank 50-70%
We flow reasonably - 100 bopd we open around 0.5
We flow beyond guidance 200 bopd or more 0.6 open and move up
Just my gut feeling BWTFDIK
I Personally think it will be towards the end of next week though…
Taxi man I think the main thing is 88e must prove to the market their acerage can flow as none of the other prospects have yielded a flow rate as yet. I’d still feel more comfortable if they were flowing the lower reservoir first as it’s proven but best practice is to start with the shallower one then move down.
Fingers crossed
It’s what I was saying before a flow of 150 bopd could be any bog standard domestic US onshore well.
It’s the horizontal tang would surely yield the true measure of commerciality, but the simple fact that it flows unlike icewine would open the door to that horizontal in the next drilling season…
We envisage that the majority of the remaining well cost will come from asset-level financing….
The MAJORITY so there will be an equity component that JA will try and make as small as possible but it will still be a few million
You are assuming fiinance does not come with a heavily discounted placing
If you have followed JAs comments on financing he has consistently said he would try and minimise the equity component of any finance package so there will be a placing as part of it.
Jeremy Asher, Chairman & CEO, commented:
"We are very pleased to have confirmed our next steps on the Thali license, including the reprocessing of existing 3D data, with a view to finalising priorities for drilling in 2018.….i
Squeaky bum time, mms hammering us back down again and no leaks at all.
In some ways it would have been better if we had tested the deeper reservoir first as we know this has already fliowed at PANR..