RE: CoS8 Jun 2019 21:00
Although Heron is relatively small with circa 25 mmbo, it is huge due to the fact the oil is easy to market. This will enable a Petro Matad a lot more leeway to drill more wells in block XX and the larger prospects. However, development wells are only costing less than $2m per well so PM should be able to increase sales quite rapidly once oil has been discovered. Nodding donkeys will be moving in alongside any yaks!
In all probability unitisation with Petro China will also occur which will make operations even cheaper.
'A 15 mmbo discovery, say at Gazelle, will be worth around $76m to PM'. (enough to drill another 20 wells!)
I hope anyone new will take the time to check out the presentations, you should not invest without finding out what you are investing in, then if you do invest you may not exit quite as quickly because you will have a lot more info at your fingers that could make you very prosperous, rather than just a few % points of profit.