RE: UD212 May 2018 11:45
I think StarRage is probably near the truth on UD2
Although we increased tonnage, we stimulated on a fairly small zone
It appears to be more about proving to someone the concept and what could be done rather than getting a commercial flows for revenue.
FRR are not looking in next 2 years to drill more gas wells
For a few seconds this disappointed me, this because i thought gas was the future and possibly the big thing here.
I also worried, was it because UD2 still did not flow correctly?
Then i went back thru notes on meetings and thru info received since
The prezzies, for XMAS
I think they proved commercial quality of gas, but who ever was looking at data wanted more info. It was not about getting commercial flow rates as we thought, it was about proving how much would come out of this small area. Showing to someone else what they needed to know before they do a new well and flow at commercial rates.
So Zaza thought what we proved was enough, but someone moved goal posts, not fully convinced and wanted this explored using 70 ton in a small section.
Hence the NDA, Hence the silence, hence the still awaited presents
Thats why Zaza is concentrating on oil, Thats why WE are not planning to drill more gas wells
SOMEONE ELSE WILL BE DOING IT AS A PARTNER
If i was a betting man ( i am ) then my money would be on Exxon doing the gas
Next we have another major helping with the oil, or working particular areas
Was that a hint when Zaza said Exxon working here, Bp here and Shell with us here?
None of the above is intended to be used to make decisions on buying or selling, but thats my honest belief.
The gas was being proved for someone, who wanted further test and will be taking the gas forward.
The result of flow will be economically small, any will be disappointed, however when they look at amount actually tested it will be actually saying its massive, relatively speaking. Thats what our prospective partner will be looking at.