Questions...13 May 2017 12:24
Sorry if I've missed anyone off.
1) It appears as though there may be a lull with imminent drilling operations, apart from converting some of the wells to electric pump for enhanced performance - will the electric pumps provide enough additional Bopd / revenue to allow for further cash flow?
2) What is the expected / hopeful increase in Bopd with using an electric pump?
3) What are the costs related to using them (I presume any cost is off-set against nodding donkeys maintenance).
4) And why, in all things holy, did NR not consider using these types of pumps (too expensive / not aware / unavailable).
5) And why did no-one from the original LGO team recognise the fact that the oil from the shallows could be from a larger oil deposit? How is it that you've just come along and suddenly noticed it? What did you do to recognise this?
6) please supply 2016 prod figures for Spain & Trini as for 1st time they were omitted from annuals.
7) was application paperwork done following 678 to enable sidetracking or re drilling (stated as prob preferred option at the time) from a new pad allowing for trajectory bypassing of stuck drill location below the 9 5/8" level.
8) Re 678 could you no re enter and drill a deviated sidetrack around the lost tool?
9) Lgo was/is notorious for being a leaky ship, moving office will potentially plug one massive hole, is there more you can do to plug more holes before the good ship Columbus sets sail
10) Does Leo intend to utilise more of the Lind debt facility or does he see an end to that arrangement in favour of a better deal elsewhere?
11) Neil had ambitions of doubling current production by the end of 2017. Is this potentially still on the table with the direction you are pursuing for 2017?
12) Can you commit to a date by which you will give a detailed plan for the next 12 months? The plan needs to include overall strategy, but also concrete actions with targets, clear financial objectives and deadlines
13) Cedros/sw peninsula was intended to be jv/farmout/free ride. Is this still the case and does he see more of Columbus's assets being operated on a jv basis allowing the company to expand further into South America without overstretching itself ?
14) A lot of SHs seem to think you are well connected which could give us access to funding. is this correct and what would this mean for Cedros. If not correct could you outline your thinking on potential funding strategies for the Cedros field?