RE: Well Conversion Increased Oil Flow Rate By 100%+31 May 2023 21:32
This is the slide we were waiting for some verbage on.
But the bit that stood out for me was :-
"The company more than stands by its initial assessment of the resource." Sounds confident...2 recompletions done. Third nearing completion?
Agree with Mr D, presentation was honest. How could it not be. But was structured arround how they are going to reduce down time. And that the science behind the field issues is known, and are perfectly solvable with today's technology. Thanks to the bond cash we can progress now to get 5kpd.
Interestingly the 4.5m capex includes standard measures to prevent any more thermal events' and increase production into the bargain.
JV. Is it still on the cards? .imho it is.
Chin Chin from Jeddah.