That’s my point. I’m sure it would have taken them some time to re-work their offering based upon the withdrawal. Anyhow, can be viewed in different ways I guess.
Think it’s fair to assume quite a reset was required when Harbour pulled it, which was end of November if memory serves me right. No doubt a fair bit of technical did will be required, let’s hope for a positive conclusion in not too long.
Hi G, thanks for checking in. Weekend is lurking around the corner, so all is well thanks. Yes, interesting turn of events. Let’s see what lies ahead, I still hold some shares here. Much planned for the weekend?
G, it's a year ago since they started to look for someone to pick up 25%. With Harbour pulling out this changed to 50%, which was RNS'ed end of November from memory.
We still got a way to reach “peak production”, below result from Perplexity:
The Cambay field is projected to achieve significant production levels over the next decade. The field development plan includes drilling ten wells from the C-77H well pad, aiming for a peak production rate of 25 million metric standard cubic feet per day (mmscfd) of gas and 995 barrels per day (bpd) of condensate by 2032. Initially, the field is expected to reach an initial plateau production of 4 mmscfd. Two new horizontal wells are planned for the first half of 2024, utilizing the proven fracking methodology. The existing gas processing facilities will be expanded to handle up to 35 mmscfd.
Me neither really g. It was more out of interest if there was any commentary to compliment the results, but it was very to the point figurewise. At least we shouldn’t have to worry they’ll go under.
Selan ended up almost 3% G. Appreciate this is syn board but thought worth sharing. Based upon results appears not to be any cash worries on their end.
It was intended as nothing but a lighthearted counter to the “doom and gloom”. But I agree we’re certainly due some upbeating/and upwards moving sp news.