RE: Big week coming8 Mar 2025 10:04
Flow rates, on the basis 60m recoverable and plant using 30k per day gives you 2,000 days of supply or 5.48 years then it runs out. Producing wells 311 produce 14.5k barrells, so average each well producing 46 barrells per day. So 652 wells need
to supply plant at 1.5m each. That's at the best end of it 1 in 3 wells drilled find hydrocarbons, 1 in 3 is in commercial. That rate of find is similar to PM 8 wells drilled or however many. So probably over 1,000 wells needs drilling, pure bonkers.
So Heron being sold as not financially viable and the sale and farm in will take months, by that time company will run out of funds. My guess, maybe wrong, share goes to suspension until certified funding found, part of going concern. MB got real problems and run out of time hence no RNs, any financial news to have already been given to us already rather than AGM.
Sale of funds from Heron coming back to shareholders will not be a dividend. Sale of block under Petrol Matad Energy will then be used to fund green side. If l got name right why was Borzon put under energy and not the parent same as Heron as both are oil. Energy is for the green side. Some one will say numbers not true but numbers being used as golden days.