Way too early to think of that IMO.
Lot more work still to be done before you would know further tests or results.
What if it's heavy Oil?
How difficult will it to extract ?
Even company itself warned of caution.
Has had a good rise already...just be happy with that.
Day high is +9 degrees tomorrow. Drops to -12 at night. Weather warming up for sure.
Await Rig news. It's only 6 March today. If all goes well, then April Spud is on.
There would be multiple wells in Block XX.
Heron-1 is targeting 16 MMbo.
Wider Heron zone to contain estimated 76 MMbo.
Then it's Gazelle with 13 MMbo ose to Heron.
Red Deer....48 MMbo
BPC still does NOT have the Environmental permit / approval.......cannot see anybody doing a deal without it.. (just common sense).
How long will the Environmental Authorisation process take ?
22 Feb 2019 RNS....
- "The notification received from the Government also stipulates that the Government and BPC must in the coming months agree a forward work programme for 2019 and 2020".
- "The forward programme will include the process for Environmental Authorisation".
- Govt. have now engaged external consultants to assist with the Environmental Authorisation process.
...coming months?.......How many months will that take ???