RE: We might...12 Jan 2022 23:18
Remember, drilling of the deep well drill encountered three previously unidentified Frontier 1 sand pay zones.
The royalities for this extraction under US onshore law is 15%. Apparently is up to 85% in Nigeria. No flooding required or hedged oil so 1000-3000 bopd per well at $80s plus with up to 50 of these horizontal drills gives mind blowing potential and economics