Clearwater15 Mar 2021 08:12
Hi,
new here on LSE so first introduce myself: 52yers, German, invested in Oil-Companies with 1/3rd of my money due to supply gap. Not an Oilie, studied MBA - still learning nature of the business.
After the brilliant analysy of Doc I guess more colour on i3s plans with clearwater is needed. Thus i wrote the following to IR on friday:
I’ve got a question to Clearwater:
• In the 2020-03-30 Presentation on page 15 there was a potential development plan for clearwater, closing with “Implement C$5-C$8MM, 4 to 6 well, drilling campaign (Winter 2020/21)”.
• I3 pointed out that it could be (new) company-making and compelling IRRs were to be expected.
• In later announcements and Presentations, there was no update or mentioning of Clearwater.
Could you give me some color to the status of Clearwater developments or on the changed schedule to drill (if there is one)?
Remark:
I would love to read things like (technical developments, planned drillings) that in the coming quarterly updates. E.g. the Falter/Noel success in 23. Feb RNS came out of nowhere – I had to search the readmission-document to get a rough idea where this spot is. If you would give more (and early) information on new development wells and potentials of the respective area/play this would clearly foster the share price and give you more firepower for acquisitions or capital raises.
I will post any answer, but I don't expect too much :-)
Good Luck All!