Phase 225 Apr 2019 15:49
anyone any idea when this could be a massive catalyst?
Phase 2 development; targeting estimated gross production of 8-12,000 bopd
· Joint venture partners planning to undertake a flow assurance study, during Q1 2019, planned to be concluded by Schlumberger for potential modest increase in daily oil rate and meaningful reduction in operation expenditure
· Encouraging interest from potential project finance providers given the very stable oil production and potential significant near-term production upside
· Company has continued to maximise its cash positions through undertaking a full review of its operating cost base