Member Info for crumpet

Fair point. Their 12000-14000 bopd from Bualuang is a sweet wee cash cow for their exploration ventures. I guess all the other Oil Companies are struggling with exploration approvals too.

Where do you reckon their future oil production will come from...? Also someone previously mentioned trouble obtaining exploration licenses. .. do you see any impact of that?

Got to read the press releases carefully as they're very cleverly wrote. The South Kecapi well test was "constrained by testing equipment" (bad planning??), and the choke was "6,000 bopd on a 52/64” choke", which is almost fully open. I can't find any further details on the well test, but I would be interested to know what duration they flowed the well for. SMDR identified the dreaded water contact in the already thin sands then admitted no further interest in S.Kacapi in favour of Bedug.."Having established the oil-water contact in the primary target reservoir section, Salamander has elected not to undertake the previously planned down-dip side-track of the well, rather attention turns to the up-dip potential in the Bedug structure". I read on Investor Village that their interest is 9.5% in SInphuhorm, so yes that's a nice little earner for them.

Lot of smoke screens and excuses (EIA, high pressures etc...sounds like bad planning to me). No announcement of development plans for all those discoveries. No new platforms being built. That's what I don't like. I want to hear well testing results, plans for development, not news on discovering a drop of oil.

Can anyone see it going below 100p?

What's their share SPHE field - is it 10% or 20% ?

Not sure where the high expectations comes from, dry hole after dry hole and no approval for their future exploration. Maybe sour grapes as I bought in at 230p. T_T