RE: Maybe We’ll Get an Alkaid Deep Upgrade…1 Mar 2023 14:07
"...The lower end of our NGL stream talking about ethanes and propanes, would receive a discount to the ANS price, the upper end talking about natural gasoline Etc and condensates, would receive a premium as would our crude oil, which we believe is the highest quality crude oil produced on the North Slope. When we put all those together, and I think I mentioned earlier we're not, because of the the separation equipment we currently have, we're not capturing all of those heavier high-end ngl's, condensate that would add some significant value to our our liquid hydrocarbon mix. But when we put together what we can capture. We believe we will, would, get a Taps pricing at about 80 to 90 percent of the ANS price, and ANS sells at about the equivalent of Brent... I believe, that when we were ultimately able to capture, the rest of those high ends we would be very very near to ANS pricing, and we still are going to be able to clean out this well bore, and I believe improve those numbers"
(Brent $79.77 / WTI $76.62)
"We're producing more gas than we we were expecting, but we were always expecting to produce gas, and in that we always knew, we would be using the gas for electrical power generation, and compression, using the gas for compression to put the gas back in the ground. So we were always going to re-inject the gas, so it's and we're not limited to how much gas we have, it has to do with the compression...we have we have a lot of energy in the reservoir, more than we expected when we first drilled the well, and that energy the gas is helping to lift the hydrocarbons out of the ground, which typically means, we're going to get a better recovery, which is a positive "
"...we have a massive light oil project, it is, we recognize that we we need a partner or a farminee, we have a hundred percent of the project, we you know, we've done the work with Schlumberger, they're the best. They're the biggest Service Company in the world, they have taken all our data everything we have, 10 years worth of work, and they've synthesized it in such a way, that we can now bring in partners and potential partners, and farminees to evaluate our our acreage. We're in the middle of testing the Alkaid well, and that data is being incorporated into that package from Schlumberger, and we've, we have a number of parties, that have already expressed interest in the project, and it's the focus, absolutely the focus of our technical team's attention, to bring in a partner or Farm, find farminee for the project"
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