RE: How does the 88e news effect the SP here?7 Nov 2023 12:02
6 Nov 18.23
An extract taken completely out of context to arrive at a summary to attempt to support a warped narrative. Read some of the rest which starts by putting into context the flow test reference.
"the flow rates themselves were not expected to be material because the objective was to limit drawdown in the initial flow back. However, the actual flow rates were substantially better than prognosed, given the conservative approach to production in order to limit gas flashing in the reservoir and ensure the best quality PVT samples, which bodes well for future SMD development in the Ahpun Field."
and,
"Future wells will provide the opportunity for further optimization with a view to meeting benchmarks of 80% frac efficiency achieved in other basins.
and finally,
"Following this validation of the ability to improve the frac efficiency by more than 2x compared to the Alkaid-2 long term test, the Company's strategy to move to regulatory approvals for the Ahpun Field development and to proceed with a hot tap into the TAPS main oil line has been reinforced. Confirming producible oil in the SMD, the larger oil accumulation within the Ahpun Field (which includes the Alkaid ZOI) is significant for the longer-term commercial implications of developing production infrastructure near the Dalton Highway."