RE: Waiting26 Mar 2020 08:30
08:20 This is an appraisal of an existing discovery, we have the data including cuttings analysis from that well plus of course some anecdotal evidence, We also have modern 3D backed with seismic inversion, PMO have looked at all the data and they seem confident in long term success of project and economics and they chose us to partner with to the tune of $23M.
But ultimately we need a 100-150 BOPD flow and none of us can be absolutely 100% certain of that, even if this is our best ever shot at success in my humble opinion.