so before completion28 Jul 2018 13:51
of the current 4 well campaign what do we have
UD2-
Pros -we have proof of gas, quality of Gas and where to find it, learned one hell of a lot about the characteristics etc- massively de risking the MK complex
Cons- we now know for sure the old soviet wells aint cutting the mustard. We have no revenue from this exercise.
Taribani
Pros-proof of concept, mastered drilling and well completion, delivering commercial quantity from zones 9,14&15 which is being sold and making us field opertionally self funding, sustained un stimulated commercial flows of oil and wet gas from Eldai B zone 19.
Cons 2 maybe 3 other old wells that we can replicate the current procedures, then have to sink new wells- not really seeing this as much of a con- new wells can be drilled and re paid from revenue in under 9 months.
I think i will remain positive and investe, no actually - i know i will.
Good job Zaza and the team- exciting time to be a Frontera investor- Have a great weekend everyone.