RE: ASSET VALUE £1Bn -£2Bn v £23M mkt cap (just for Heron)9 Apr 2025 12:16
Okay Mr Wigster - back to INVESTMENT and not nasty 'BB players' like Doc!
HEADER - base on Official Recoverable Oil figures - and for ONLY Heron!
Only real priority 2025 season is HERON 1 PRODUCTION INCREASE using 'INEXPENSIVE FIX' they are confident on for Production increase.
*Even now natural unaided flow is much higher then 200bbl but choke back until fix.
Heron 2 and/or Gazelle and/or Gobi - Well development depend on how they see company expenditure on planned Low-OPEX stage.
Why?
They are looking at 'ACCELERATED FULL BLOCK XX Development' - Instead of 2 Wells per year - potential for Full 30 (on Heron alone) in much shorter time (PC AVG drill rate 37 Wells per year).
Above thru PARRNERSHIP strategy to Maximise Shareholder Value - Strategic fast track Production which fit into China State Plan of course (as well as Massive Revenue increase).
Petro China follow China State orders - ones who say they take 6 months to sign forget it was MRPAM approval also - now final run & trolls want you to sell - LOL!
*Add to this Arab (Saudi, Kuwait, Bahrain, wider UAE etc) DIRECT talks with Petro Matad/SunSteppe etc