Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Kipper, slightly different this time given they have confirmed they have hydrocarbons. If the flow tests show it to be significant the traders selling will likely get swallowed up by new positions. As you say each to their own but its certainly looking like an exciting few months ahead. 👌🏻
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As if by chance - confirmed by the man himself
Bill, where you getting that info? I thought a previous RNS had stated they had already mobilised the rig to the site to commence rig up for mid april spud? Certainly plenty kit on site from sat image too.
It is expected to take 4 - 6 weeks id say. The previous drill was hampered by extremely cold weather(snow), equipment breakdowns and then the unexpected influx of high pressure hydrocarbon which took them a bit of time to get under control. They then decided to drill a bit deeper so these were all things that added additional time.
H&P will have a lot of detail from the previous drill so should be much more efficient.
Risky - id say 36-2 will come online before 16-2. SP would be a complete guestimate right now considering 36-2R still needs testing but there clearly isn't much value assigned to SP for the paradox basin. I feel that the CPR post testing of 36-2R could see a material shift in the SP. It may also see a partner come in to accelerate the development. Just my thoughts.