I'm fully aware of the situation in Texas, with two new drills expected this year and funding in place for drawdown when needed ($5m) which when concluded will consolidate and increase production giving income of $50k per day. Even you can see that this will cover wages and Namibia costs from 2025 onwards. Research is good only if you have an open mind to potential.
It has a diversified portfolio of high impact exploration and appraisal projects, supported by conventional production in the Texas Permian Basin.
It has recently started pre tests before flow testing the Merlin well in Alaska, which was confirmed as having the presence of light oil and gas in multiple zones.
It has secured additional acreage in Texas, expanding its regional footprint and increasing its net production and reserves.
It has entered into a joint venture agreement to explore the highly prospective Kavango Basin in Namibia.
RE: Timeline for flow test for those interested1 Mar 2024 10:34
Latest news release.
🛢️Exciting news from the Hickory-1 discovery well! Pre-flow test operations are in full swing, currently focused on testing the Blowout Preventer before kicking off flow tests. We’re targeting the Upper SFS and SMD-B formations, holding a mean, unrisked, multi-hundred-million-barrel oil resource.
RE: Timeline for flow test for those interested1 Mar 2024 01:43
This video is out of date, they are about 2 weeks behind this schedule. 1st March result will now be 14th. The rig didn't move weekend 17th, it was later.
First result not expected until 14th March at the earliest, but hopefully they will release news of when the preliminaries have ended and the actual testing has started.