Adult, Your more detailed description for starting up a DST is accepted. As you say there are several ways to create under balance to create oil flow from mud composition by full or partial (my use of word dilution) replacement or light fluid/gas lift.
feelinlucky, The weight/composition of mud is adjustable at the surface as it is continuously cycled to lift the cuttings to surface and onto the shakers, the mud engineer controls the chemical composition and weight of the mud going back down the well by adding/reducing various elements as required and according to the need to not only keep the reservoir slightly overbalanced (for safety, otherwise a blow out), but also to cake (not block/cement it) the well bore to minimise losses, etc. Somewhat more complicated than that on a fractured basement I feel sure, but essentially the same. The mud is then progressively diluted or unweighted to provide under balance to allow the oil to flow to surface in a controlled manner when ready for a DST.
This could be a straightforward profit take or MM”s making shares available to US MM”s (due to time difference they need a ‘float’ to trade!?) or more likely a bit of both. In which case “imminent” must mean this week surely?
JC, was just being a bit cheeky there! Not sure how you judge fair value right now as there are no metrics to go by! However my instinct s that this will b high teens or more post OTC, mainly on hype/ future potential though! The metrics such as seed sales, forward sales projections, etc, will not come at earliest by end of year, most likely 1Q20.