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Posted in: CASP
Indeed and you can say that four out of five times, but the fifth time?
Fingers crossed and hopefully that barge has something for Casp on it.Getting some action out of A6 or 801 would transform sentiment towards the Deeps I believe.
MO have you heard of anyone else using the Baker Hughes acid technology in high pressure formations with success?
Sufficient funds to start repaying KO in the months when the weather is too cold to drill another Deep well! Now who would have imagined that 12 months ago!
Revenues netAugust $547,000 (old pricing) September $1,224,000October $1,350,000 (MO’s estimate)So October should mean there is an $800,000 increase in revenue to fund growth.The Deeps will come but the real story of the moment is self funding is now coming through.
Sounds like they are expecting volumes to rise?
Liked the fact three more MJF wells May be pumping cash from January first.That’s a million more per month to speed up things.
The rise in production is a nice boost and hopefully another couple of wells will be worked over in the next month?But the big thing was that there are three new MJF wells heading for starting production by the year end. That should add 1,200 bpd to revenues and at $30 net thats a million dollars more a month.
MO what giant equipment would Caspian need?
Posted in: PANR
Then time for you to depart. This has been a rough ride and will do nothing till the JV is finished. Hoping it doubles or trebles then but who knows?
Many thanks George, exciting times coming it would appear! Nice to hear that Bob and Justin were listening to shareholder concerns.As for Bob Rosenthal coming across the pond for this update my gut feel is he must be here to talk to potential JV players with Premier probably amongst those who he might be “Taking tea with?”But possibly that’s just my conspiratorial mind misbehaving?
Hopefullysome of the failure was down to Mr Grays willingness to use marginal contractors at a time when the Permian was grabbing all the best kit and crews. That’s no longer remotely the case.Also would be nice to understand just how much he relied on gut as against seismic? Hopefully the future there will be a bit more technically disciplined?
I was hoping they had made some progress in Texas as wells there are inside Pantheons price bracket. Alaskan wells at $20m require partners.Also having options in Texas means potential Alaskan partners are less able to dictate aggressive terms.It might seem left of centre talking about Texas but it as a negotiating chip may be very important in the long term. Also getting some real cashflow would be nice!Anyway I look forward to your thoughts on today.
But part of that is more quality control on the RMS’s and PR generally is required.Good messaging is required for good information dissemination. Last weeks RNS’s quality issues certainly would not cut it.
Yep tax credits re the special oil exploration tax break went to the bank pre Pantheon.
No sure we are going to get to 40,000 bopd by Christmas though?
Yep it will be interesting to see what the steady state api is after a couple of weeks.
What was the api at A5?
Just Clive, it will be 48 api once he has sharpened his pencil.