RE: RE BTN Wells 07 & 11...14 Jul 2019 12:37
Hi Guys,
How the KSO works, the 70bopd is probably the Indonesian Govt cut in the oil operations there.
Any increase in bopd would be area for profit margin, for the operator (s).
The last 3 years, the bopd at Betun, was above the promised 150bopd. There may have also been upto 6 wells producing oil.
It's a 4 well workover and a 9month "Proof of Concept"
During the concept stage, the other two oils wells mentioned in the title, are highly likely to be investigated further. (For increased revenue /production)
Selo field for Gas, this is part 2 of the next stage. Most likely to be the largest revenue stream in the future, from Betun-Selo.
" Some 33 bcf of gas available for commercialization in an area urgently requiring gas"
The Indonesian Govt, is offering a 10-20% bigger incentive for operator's to produce Gas.
ADL's lucrative angle of working/operating for the KSO, circumvents most of the pitfalls that have been so costly before.
The opportunity to have CAV as a co-investor/ partner will truly be very lucrative for ADL, in this and future projects.
Good Luck All Shareholders
Exciting times ahead here