Xodus/Apex2 Feb 2019 10:10
Completely different horses for courses
Another great piece of management by SS showing a little humility and understanding after seeing B&B and the way Angus are performing that they need to do some deep dive strategising of the future drilling ,cementing,cleaning up and flowing of the weld
XODUS MUST be due to give the independent CPR with OIP and estimated recoverable rates for at least the Portland and in a few weeks KL3 based on the geology and recovery techniques known
Ss will not be using Apex to even question the recoverable rates as the reports will be independent and what the market will understand to be the companies potential
Apex are are selling there services probably at a discounted rate to bring together all of the good stuff data ,drill logs,pool sizes general geology but studying fluid dynamics,mineral alignment of the different rocktypes and how certain chemicals,natural fluids and gasses under various pressures interact in a myriad of scenarios
They will be our banker to having firstly a clean drill open well ,sidetrack in the optimum place at the optimum angle to the geology and then secondly to apply the right materials to optimise the flow rates
These flow rates and the recoverable will be measured against the Exodus CPR and success will be benchmarked as improving recovery ,depletion etc
Within weeks further RNS would be issued to say recoverable are you guess higher !!!!!
Optimisation
It's not the £ you earn it's the £ you spend that counts
ANGUS shop at the discount store!!!! and go in like a bull at China shop regurgitating old planning application and utilising techniques used on one well which al lead to failure on another well
UKOG are setting the benchmark
Good luck all
Come on