RE: HE1 EWT22 Aug 2024 09:25
Sharebel, obviously there are risks, there is with everything, even just getting out of bed in the morning, but when you look at probabilities, they've already flowed 4.7% to surface, and as I shared a link a while back from memory, a lot less has been considered viably commercial elsewhere, so on the balance of probabilities that I would make it out of bed this morning, which I did, thank heavens, the balance of probabilities here is that they will likely increase that 4.7% and that therefore it will be considered commercially viable. The question is how they then get it out for production purposes as that will take more money and expertise, but by then, the likelihood is they will probably have to go the JV route, and I suspect SLB are not there for nothing. I suspect SLB will get part of a JV thus we won't be charged for this part of the operations at the end of the day, that's what I'm imagining could happen, so they will bring the technology expertise, and someone else will bring in funding and manpower. Technology is very much more sophisticated these days, rather like in the way xray machines evolved in to ultrasound scanners and so on, they can pin point with very much more accuracy where this stuff is embedded. Just my views, but on the balance of probabilities, they can't return less than the 4.7% already flowed, the question is what is actually deemed as commercially viable? as I'm sure others have been deemed commercially viable on less than the 4.7%