UJO & RBD profits17 Jun 2019 14:29
Thing is, on this well, the well has been 90% drilled and Zen only have to poke the drill bit down an existing well. Everything is in place to monetise and go straight to production following success, there is no extended testing other than to collect data from the new structure to assist in the design of the new well MOC 01. There are also no swampies or do-gooders hell bent on interrupting proceedings. There are no promises of enormous production figures but an analogous well at a similar structure allegedly produced up to 3000bbls when drilled. C22? (I cant recall exactly the well number),, but if Zen manage 30% of that then multibag it will. (yoda voice)