CPR - RNS 11th Feb 202129 Oct 2021 22:55
Another very good week in 'Project Zephyr.' Today's RNS is all part of a considered plan, which I imagine we will understand more about before Christmas (sadly not before 8th November thebhoys!) How very exciting for all of us.
I was wondering how long a CPR would take now that Colin says they have 'immediately commissioned an updated' one. Scrolling back through RNS' I was reminded Gaffney Cline prepared the last CPR for Zephyr (back in the bad old days under the previous name that is never to be mentioned on this board) in June 2018 which was then quoted in the RNS of the 11th Feb 2021.
Interesting that even back in Feb the board thought from a side track lateral side from 16-2 the initial gross oil production rate would be 780 barrels of oil per day. Thats the figure we should be north of when Colin makes the announcement in 2-3 weeks time, that's financially extremely exciting.
My feeling is therefore that Gaffney Cline have been tasked to update their CPR (no reason to doubt this and they are clearly a professional outfit, take a look at how thorough their July 2021 one on Cairn Energy is) and therefore the CPR will be good to go very shortly, certainly before year end.
Thanks to all the contributors on this board, I'm grateful for all contributions. Go CH!