RE: RE: Oil Price could hit $80 a barrel!6 Jan 2020 14:32
"Block currently plans to follow well 38 with a sidetrack of the most westerly well on the field, well 30. This well lies within the P10 area, or the maximum part of the Middle Eocene reservoir which the independent auditor, Gustavson, considers to be productive (see Figure 7, below). Accordingly, on this basis the well is likely to be the highest risk / highest reward of the campaign".
My view, 38 is viewed in a positive light, so let's turn the taps on 51 first and build a bit of sentiment before they go at 30.
Makes sense to have a steady revenue stream in place before they go for the big fish. It should also give punters an exit price if they wish dependant on rates of course. However like a few I'm not here to break even.