RE: Some Frantic Reaction......9 May 2025 11:17
'During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. We are pleased to report that the production test successfully delivered on all these key objectives, and, most importantly, the test data gathered suggests that there is more than sufficient deliverability for a commercial well.'
Does everyone with a memory longer than a fish recall reading that? Worst case they have created a commercial well ,circa 1000 bpd, or $60,000/day or $420.000 per week or $21,840,000 pa. Give the sponsor half which still leaves circa $10.000.000. ---all from ONE well ffs