RE: Snowcap-3 profitability.2 May 2026 08:02
Good evening kieth, the numbers are looking good for sc3, and didnt P.G. state the basin would support 3000 barrels a day!! so if we only get 1000 to 1500 from sc3 we would then drill sc4 a mere 3 months later from the huge $1.194million a month just from sc3. So with 2 wells at 1000 a day initial say december2026 we could easily fund sc5 in a mere 6 weeks of steady production. With 2000 from sc3 and 4 and another estimated 1000 from the rest of T.T. paul could look for a exit at $20,000 per barrel value or continue with the next well . We already know fall off after 1 year is 25 to 30% so 2000 is then 1500 down to 1400 daily so sc5 would be next if the basin supports 3000 daily. OR sell t.t as 3000 daily would be a nice round number of $60,000,000 or £45,000,000 not bad for 2 yrs work and was it only £2.5m initial cost!! Another blinder played by our eminent ceo mr. griffiths. OPTION2 keep going as gas and oil prices artificially high for 4 to 5 years and rake in the cash from 3000 a day as nabi would of been payed off 2 months after sc3 flows, and at say $65 net x 3000 = $195k daily or $71,175.500 yr or 72.6p extra on the share price.! By the time this has happened we would also have cng/lng up n running in morocco and or the rest sold to highest bidder. All in the next 12 months?