I think that survey boat has my porn name. Currently treating the subsea like a beautiful lady, slow and careful and then a swift acceleration to the next phase. Looks a bit Kraken North but moving with purpose toward the moist untapped depths of Bressay. The captain has "Je t'aime" full blast on the bridge.
Golden Eggs indeed. If the deal doesn't close till end of year, average oil price $68, average production just under 12kbopd, opex per barrel $15, tax at 60%, I get about $130 million for the year. All those variables rather conservative.
" . . the Group plans to carry out a 3D seismic campaign in the second half of 2021 to support ongoing evaluation work to identify and prioritise near-field drilling and sub-sea tie-back opportunities within the Pembroke, Antrim and Maureen sands discoveries and prospects in the western area, which holds an estimated 70–130 MMbbls of STOIIP"
"The Ramform Vanguard will be active acquiring marine seismic data in UKCS Block 9/2b and will be assisted by the support vessel, Thor Frigg."
With my current predictions I am 49,102 boepd annual. But all set up to accept some GEAD barrels to add to that towards end of year. If maths is good then Magnus due a bad April but I still opt for a modest recovery thereafter.