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I thought it might be worth mentioning that the Royston test is probably throwing off as much or more cash (net) than Coho would have had it had been finished a week ago.

Payback on new wells approximately 150 days.

Looks like 1000bod from all tree zones and highly likely to be more at better location for the intermediate zone looking good.

The value changed since Known Royston results, if future wells can produce at 1000 bpd then two completed would pay for the third ad infinitum.
$10m float ought to be enough to get us started with a little from the discovery well, no raise, twenty off five pads in four years sounds nice. I’ll let everyone do their own math.

AngelsOneFive, I think it’s going to have to be a Beko :-)

MJ, just for clarity is that $’s,£’s or something else?

Hi MJ my take on this: tweets Royston-1 etc goes to bed 7 hours later gets up checks boards “mmm nothing “ tweets again in a way that ensures we understands what he’s said. It would be nice if true.

Maybe the flare against the Royston-1 header, XM must be an insider and to tweet that on Friday after the markets are closed is either an massive oversight or giving us a clue.

Actually I’ll start again.
News soon perhaps.

XM !!

News soon perhaps?

Agreed, just following on from the earlier posts, long way off as yet hopefully they’ll be other elements to the valuation by the time we get there.

200x2500x360=180??

It was a “top line income “ estimate liquids at $50 and all before taxes. I’m thinking that because of the flow rates and much of the initial cost is shared with gas production and once the pipe is built net backs will be substantial.

Ignore that last post if they get 200mmcft plus 5000 bls of condensate per day it’ll be $300m a year (top line)just for Cascadura…….. what this space.

Yep, $200/250m per year plus incremental increases plus liquids plus legacy plus anything else we stumble across.

Canada yesterday could be related to multiple causes. The RH Mr young meets today to discuss the future of gas the worsening Covid situation in T&T and the shorts who get more bang for their buck in Canada.
Also be weary of posters who turned up in January this year who are quite often anxious or worried, their objectives may differ.

Wouldn’t have thought there’ll be any RNS until after a 24hour test followed by shut in to evaluate pressure return.

“We’re back”

Don’t fret Speculator try to be more positive, we have a new rig/ team capable of drilling highly deviated or even horizontal bores I’m sure this featured in the decision to acquire it. Horizontal wells/ multiple wells from a single pad it could be a game changer out west.
Trinity mentioned these ideas recently I wonder if they have a rig?