A Balanced View18 Feb 2026 09:47
Had enough of the usual suspects boring the life out of this BB. So last post on here until next RNS but basically a balanced view of last RNS with no hidden agenda:
Strong Aspects:
Material Improvements = ESP showed 6 fold increase in flow rates, compared to extended well test in 2024 (16,400 bpd) significant operational uplift
Helium concentration sustained during flow with peaks 9.2%
Data support the farm out process for partner or JV.
Caution:
GWR lower than expectations
So in context, although the results are great technically, it is not commercial production ready, the next catalyst needed is a JV/Partner announcement to help with further full field development.
I am sure the usual boring suspects will pick holes but hey ho, see you on the other side of the next RNS.
Holding and chilled. Have a great day.