RE: Flow Results?21 Sep 2018 10:40
but seriously, I'm thinking we wont get flow rates separately.
the only time we will is if they announce a farm in/ JV has been done with a major.
The Majors seem to have asked for a longer test anyway from what was in the RNS
"Due to the current technical and commercial discussions with industry majors, which may lead to a farmout or joint operating arrangement in specific areas within Block 12 with respect to both oil and natural gas, the Company has changed the initial well testing program such that the current production test from Zones 14, 15 and 19 will continue for a longer period of time than what was anticipated before and additional tests could potentially be performed. We look forward to updating the market as we progress with our work."
So in Summary we are due the MOTHER of all RNS's or a damp squib. As someone said yesterday its a binary "gamble" now. With the reporting that majors are interested IMO if it turns out they walk away it'll be carnage to the SP. If they do farm in or JV then the SP will be riding Rainbow's Rainbow to the stars.
GLA