Remember when Shell made the original discovery they were looking for OIL not Gas.
Spin forward a few years and the world is crying out for clean Gas...
GLA
But very few have an asset on the scale that BOIL were "Gifted" Pete.
Just need TL gov to unlock the stalemate and we are off to the races big time.
The world needs Gas.... and lots of it, thankfully we have shxt loads of the stuff....
Interesting flowing News like this will be great...
https://www.youtube.com/watch?v=7ngPAmHhXRY
Has the tide now turned, can we now believe that the company is in good hands and can move from being a going concern.
2kpd seems a low value to attain given the field produced more under the old infrastructure, but Atomic/CUDA did not have the funds to increase the flooding rates?
Crickey they are all out today keeping the peace...
"We are now funded until Q4 24 and maybe beyond if production can raise and settle at 2kbpd"
Although not a direct phrase from RNA, it is a good stab at the cautious sentiment behind it.
The company has just invested $4.5m on new topside infrastructure which was the primary route cause to the field underperforming. (#dontellgreta. This is not fracking rocket science)
Production achieved levels greater than 2kpd Prior to this under the older inadequate pipework.
Production output has a correlation to pressure applied to the field. Over $1m of 'Greta tears' will be injected over the next few weeks.
Let's see if they were worth it by year end...5p party???
Listening to Fish fud all day and weekends led a lot of good poster to reside on TG. WhatsApp.
You know how it went Trans...made this BB an impossible read. Hopefully now Fish has set up his own TG group called Calamari he can talk to himself all day long...
Anyway here is to a positive COPL future.
JBER still seeking to buy shares..
All good!
3LP.
No RNS. But good analysis of the reported well by well data by RDunc.
The graph from RD can be found in the post by Eazy.
Data provided by RDunc is second to none imho.
So the injection rates have finally been increased with more to follow. This should equate to additional oil production.
GLA
Http://pipeline.wyo.gov/AllOpcoProd.cfm?oops=ID56620&RequestTimeOut=65000&nOpco=1769
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