RE: MO's Ramblings...1 Oct 2019 13:37
Hey JoeSoap...
Yes, the MJF (Yelemes Northwest) plan from end of May 2019 environmental meeting lists it all and fully supports recent statements, have translated and uploaded/posted links on numerous occasions. If document is correct, first four wells will not include the RNS'ed Well E-150, LOL... That's due in Stage 2 (not that it matters in the grand scheme).
Existing Stage 1 Wells: E-141, E-142, E-143, E-144, E-145, E-146
New Stage 1 wells planned - E-151, E-154, E-155, E-200
New Stage 2 wells planned - E-150, E-152, E-153, E-156, E-157, E-158, E-159, E-160, E-161, E-201, E 202, E-203, E-204, E-205
It does suggest approx 50-60m barrels in place, with a 30% recovery factor, which ties in with WH Ireland's numbers, obvious out of the ground will be worth around $25 per barrel net to CASP at $60, so I assume the $7 per barrel is in the ground valuation.
Is only my opinion, but MJF should return around $500m NPV over field life, but as always, is a wait and see...
Good luck, MO