RE: Everything Depends On Two / Three Here13 Aug 2022 17:44
Slightly disagree Dusterhater,
Without No 1, being satisfied no bank will give loans based on P1 reserves of some 40M barrels. If you can't get it out the ground is worth nothing...
On that point, I was initially alarmed to see the pictures of those tubes full of paraffin wax, until I read it is common all over the planet and is easily fixed.
If so wise? Why let these 'old pipes' get restricted....if its such an easy fix...hmmm.
A good excuse to lower output whilst driving the best bargain for aquiring our very distressed partner. Fully distressed when we called time on their debt ;-)
I do not know personally how long it took to get the three Wells flowing at maximum, with fourth on its way. But what I am pretty certain of is that the Old Fox knows exactly what he is doing.
At 14p its a bit ,-seat of the pants-, at present but I can see major leaps coming in production levels of existing P1 reserves..
Chin Chin