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Looks like $80 oil will be here soon.

We could do with a CPR now to confirm how much oil they think they have.

Add the gas and condensate in at the Morris 1 well in the next few weeks plus the other FH wells and we are making serious money. There are more wells to be had at Stockdale and Forrest Hill. It is a question of how many we want and on what terms. Personally, I would go for more at Stockdale. Another 20 before year end, with 3 intervals producing on each one will do very nicely thank you very much. DYOR

The actual on NTOG's well is about 52 bopd. Morris 1 should do comfortably more than that with the two Anacacho intervals. Add in the new interval and it should blow it out of the water. The EUR is the interesting one: EUR can change dependent on what the operator intends to do to the well but EUR 35k is very low. NTOG was expecting to make 2:1 on the well at $40 so it should make a lot more at $70. I would expect the EUR on Morris 1 to come in around 200k barrels with the new interval, possibly a bit more. If you use the NTOG wells as an analog for the wells at Stockdale it shows we should get hold of as many of them as we can. The boepd is likely 3/4 times greater, the EUR is likely 6 times greater and the return multiple a lot higher than the NTOG wells. In the short term, it looks like Stockdale is a better bet than FH (nothing wrong with FH, just we get more bang for our buck at Stockdale). For disclosure I have some NTOG as a trade. DYOR

Compare this to Morris 1. http://m.londonstockexchange.com/exchange/mobile/news/detail/13414044.html

The update on Morris 1 and Stockdale should cheer him up no end when it arrives.

NTOG's last well did 58 bopd and cost $500k. Morris 1 will easily beat that.

The company keeps telling people what is going and on but for some reason the penny doesn't drop. That last update on Stockdale was very important. The cost of production is minimal, the cost of the workover is minimal, they will be producing oil & gas from three intervals and they say that they are looking at other deals at Stockdale. As usual the trolls who are obviously getting fed a line by someone go on about things that don't matter but are a distraction. There are oil & gas companies out there spending $500k/$2mil to drill a well that gives them 150/200 boepd and are regarded as decent businesses. Mayan can get the same result for the cost of a circa $50k workover and no risk of a duster.. The next deal on wells will be a big step forward. If we can get to 25 wells at Stockdale by the end of the year, this will be a very serious business. This model doesn't need hundreds of wells to give us a very good result. As it happens, there are hundreds of wells for the company to go at but step by step. DYOR

https://www.youtube.com/watch?v=8g_GeQR8fJo

Hopefully not just yet. Reading his explanations and wriggling might be good fun shortly. DYOR

http://www.hl.co.uk/news/2018/4/30/fund-manager-$300-oil-is-not-impossible-within-a-few-years

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.ferc.gov/market-oversight/mkt-gas/gulf/2011/03-2011-ngas-sc-archive.pdf&ved=2ahUKEwiF8q7UpuLaAhWkDsAKHTaWDLoQFjAAegQIBxAB&usg=AOvVaw1X3ale75HnB5UMNkYZbx-X

The Freeport LNG plant opens up train 1 in Sept 2019. That can compress 0.7 BN cu feet per day when operational. There will be four trains in total. Stockdale is about 118 miles away. Sabine Pass is also compressing it's little heart away.

The natural gas hub with capacity constraints is Waha nearly 400 miles to the north west of Stockdale. https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.ferc.gov/market-oversight/mkt-gas/gulf/2011/03-2011-ngas-sc-archive.pdf&ved=2ahUKEwiF8q7UpuLaAhWkDsAKHTaWDLoQFjAAegQIBxAB&usg=AOvVaw1X3ale75HnB5UMNkYZbx-X Stockdale South East of San Antonio. Mayan would not be looking to use the Waha Hub. DYOR

Indeed. I had a long chat with DSK about it last year. The probe is like a superstar hairdresser that has an hour free Thursday at 3pm: take it or leave it. I would hope they had enough time to do FH and Stockdale but there is no guarantee of it. I expect we will know more shortly. DYOR

Learn to read and write English. Intend does not mean something has been done. Getting hold of the Roke Probe is difficult (they only have one in the US): it would make sense to have a look at the FH wells if they had the probe for sufficient time. Hence, I wonder if they have put the probe down some of the FH wells. DYOR

I wonder if they put the probe down a couple of the FH wells to see what else might be there too.

Given the result at Morris 1 MYN is likely to concentrate on Stockdale for the moment

Presumably, as I don't know but I will have a guess.

It looks like it might be worth picking up some more wells on the Stockdale field. It shouldn't cost very much. I can see them doing 200 bopde on Morris 1 once the gas is hooked up. That is decent production for a workover costing $30/$50k. Another ten of those over the next three months will go down well. It might be better to concentrate on Stockdale. DYOR