RE: RNS with well test results15 Jul 2018 19:45
Funding position here not my forte,but Stix is correct funded for whole of current work programme. This includes drilling and testing 4 wells, plus whole of seismic commitment on Tapi, further seismic on c & d, and likely first drill on Tapi Aike.
Current production is c1000 bopd.
I am expecting a boost from further work overs and money to be made from production during testing phase.
The positives here are that there is potential to increase production pretty quickly as we are on grid, on licence.
The negatives are that we are aquisition hungry, potential further pipeline may be needed, Tapi Aike will be a multi drill,
I can’t see future production outpacing work programme, so am expecting a raise at some point, Possibly after results from x-1001.