28 billion barrels "CoS 25%-35% is virtually a dead cert"17 Nov 2020 19:53
XYZ. I was just about to post a two-penneth from a non investor. Todays drop likely on the basis that there is a bit of a wait before spud and then a couple of months drilling before the Perci well approaches its target, but the CPR that you mentioned is Due this month which in theory should bouy the Sp.
Continued workover and improvement from Trini cerp wells to provide operational expenses cover with profit to look forward to on further improvement of production.
Co2 EOR experiment
A plethora of other early 2021 drill targets.
Short term, folk can perhaps see upside elsewhere for their cash whilst the Stena Ice gets motoring, but it could backfire somewhat. Just a theory 'n all.
P.S Stena are a great drilling company, well they certainly used to be when I was on rotation on the Stena Spey. It was definitely full-on. Rig move, position, anchors down, load up the equipment from the supply boats and get spudded, flat out drilling, maybe test, flare off, plug for later, offload equipment, lift anchors get tugged to the next location, repeat.
Looking good here for the future--plenty of diversity to go at which is more comforting than a 'one-shot' opportunity.