RE: Share Consolidation6 Aug 2021 11:44
Share consolidation likely to be around 20 to 1, and probably in 12 months time if all goes well. Good numbers at 700 bpd from well 154. My previous question answered, yes well 153, an existing vertical producer, can be sidetracked and turned into a horizontal producer, will there be others? Unsure as to why debt to oil traders affects the split between domestic and export prices, but as the debt is paid the export proportion increases, to 75/25% or is that still too high? It is clear some of the deeps are producing some oil naturally to the surface, so that will still be $19 pb for high quality oil? A more upbeat RNS (similar to the bullish (bull*****) RNS two or three years ago, but this is still all about the deeps, which refuse to flow oil commercially.