RE: Mike Buck Will Release 1 Complete Operational Update RNS Very Soon5 Aug 2023 09:56
Wise owl you means this
Production from the Heron conventional oil development project is expected to begin in 2022 and is forecast to peak in 2031, to approximately 8,928 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2066.
That's 8 years from now, what did your broker say about profits, 2m loss 2023, 14m revenues 2024.
Casa 1 and 2 comes online next two weeks that's 20k boe each day, not an eight year wait and has been suggested you will have to sell the Heron side of the biz to fund the Gobi exploration. TXP already has in place three billion gas contract. I believe most of your oil is trucked same as our Royston well which some consider a failure as it only produces 1500 boe each day, that's research
not the jam tomorrow. On this board is there any talk of well pressure from Heron, anything information that could induce me to buy other than ramp. Eg Casa 1 and 2 well pressure 4,500 psi, plant to be run at 420 psi. Gas pipe from plant to main NGC pipe line about 3km of pipe put in.
Where is your research, RNs coming next week 🤔 repeated day in day out.