Snowcap 1, 2, 3 or more!9 Jan 2026 11:35
Some strong buys today as people wake up to the possibilites in morocco, ireland and T.T. if prd finance the well themselves at say £1.2 million and we get 500 barrels a day how long until payback? some are saying a year or more on workovers! lets see, 500b x $70 = $35,000 x0.75 =£26,250 daily x50 days is £1,312,500 if we partner at 50% thats 100 days or 3 months and just over a week. and who,s to say P.G. might on a good result wish to drill a few more? all of this should be happening in less than 5 months time,and every 10 to 14 days another existing well is worked over, we are already 7 weeks ahead of planned production increases, per the rns, some of these wells are a lot more than a extra 10 b/daily. i hope we dont have a leaky ship with good news from morocco leaking out!!