RE: Cameroon Oil & Gas4 Oct 2022 21:59
Greta post/ info from Moneymunch - very factual - used it for dd
writing is on the wall from here on
Massive transformational UPSIDE potential. Gla :-)
Cameroon, Thali License
Summary
• Developing the Njonji structure alone has solid economics
– $18 million cost to complete NJOM-3 and confirm reservoir performance
– $45 million or so to get Njonji into production with 6-10,000 bbls per day to begin
– Base case economics are already excellent, and could reach 16,000 bbls per day of total initial production depending on what is found in deeper reservoirs
– Njonji can return capital and support exploration of the Northern fault blocks at little or no risk, even with poor reservoir performance and outcomes
• Northern fault blocks could contain over 100 million boe and can be explored without risk once Njonji is in production
– Smaller levels of oil production from Northern fault blocks could also be handled through an existing MOPU at Njonji
– Larger levels of production could be handled through an upgraded production unit or tied into Addax/Perenco network
– Can be explored at little or no risk using Njonji cost recovery pool
– Potential to add $100s of millions of NPV
https://www.rns-pdf.londonstockexchange.com/rns/7147Q_1-2022-6-29.pdf