focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
PW has stated previously that the year end production target is 8,000 boe/d compared to the Current net production of 3,457 boe/d, so a c230% increase. The recent success as SD strengthens our chances of achieving this: South Disouq discovery in April, flowed 25.8 MMscf/d (or 4,300 boe/d) IY discovery looks like achieving similar flow rates so another 4.300 boe/d Three further wells to throw into the pot. So allowing for 55% W/I I make that 4,730 boe/d from SD net on what we have already. We also have Rabul 1, & 2 which look like adding an additional 1,600 Bopd (300 net to SDx) Then we've got KSR-14, 15, 16, ONZ-7 & SAH-2 (Morocco) �Successful wells, boe/d TBC. Looks to me as though the 8,000 boe/d will be more than achievable by end of 2018. The impact that has on SP remains to be seen but I'd be happy with 230% increase, c�1.22. Just my thoughts and I might be off with my calcs, feel free to let me know. DYO
LNB-1 news looks to be next week, with spud of SD-4X in 2-3 weeks. The 3 additional wells planned for SD should keep the momentum going here as further success with the drill should result in SD generating a significant amount of cash by end of 2018.
LNB-1 news looks to be next week, with spud of SD-4X in 2-3 weeks. The 3 additional wells planned for SD should keep the momentum going here as further success with the drill should result in SD generating a significant amount of cash by end of 2018.
I like this statement from the IY RNS "we are on course to realise the full potential of the licence" if this is read in conjunction with the March presentation which states SD "Total volume potential could exceed 2.5 TCF". SD-4X spud next up in 2-3 weeks all coming together nicely here.
SQ320 I agree with you think the seller has kept the SP down for some time. As a comparable, it's worth looking at BMN, when the overhang cleared the SP went north in a big way. might not be the case here but I'm hopeful and continue to hold as everything looks like it's coming together here nicely.
Fantastic result, SD-X successfully flowed dry natural gas at a stabilised rate of 25.8 MMscf/d, so expect this to be compared, if not better. Let's hope we can prove up 2.5TCF in SD then let the MM's try and hold the SP back. GLA