Additional costs must have been large bulk raw materials. Drill pipe, Barite, Bentonite, Cement , Drillwater, glycol, diesel and other tote tank chemicals. Think these would have increased in cost during Covid for sure.
All systems go with proven arctic fox rig . On time for sure with good weather forecast
* 3-4 weeks, including wireline logging From the 14th feb approx was original plan scuppered by BLM # That moved back to beginning of March (I believe first week) So will be done by end of March (beginning of April)
Then onto testing beginning of April (7-10 days )
Happy Days @@@@£££££££@@@@
I feel I maybe walking into a trap :-D But what the f@@k I’m here for success
It’s actually ironic that Russian influence in oil price 2019-2020 was designed to push the oil price down and rid the US of Permian oil companies. This it did in some respects ,at the time . It’s now backfiring ,now the oil price is ballooning
These companies are coming back strong and are necessary for US oil reserves.
You would never have bought this company last year
Oil was being given away and these companies where being shelved left right and centre , I know because I was interested in this area myself due to a company I was doing a contract for But what a difference a year makes. Seems bonkers
The successful companies where the companies carrying cash at that time buying these companies