RE: H1, H2, Gazelle, Gobi 1 - 2025 Forward Development!31 Mar 2025 06:00
Please take time to READ & ABSORB - It is really important and also completely expose DISINFORMATION of some here and Support position of Company for - NO PLACING aims for 2025 Operations β‘οΈ Moving into PARTNERSHIP STRATEGY for 'Accelerated Development' / Revenue ( 'up to' 30 Wells in single year if PC work on annual avg against Heron capacity).
I Repeat some points - please be patient (it is important points) - will Summary next post.
Finances - Cash Held / $1.5M Petrovis Loan availability / Production Inventory to be converted
From 13th March RNS (Analyse with AGM Q&A)
"Evaluations are underway to support a set of LOW-COST activities for 2025 in Block XX focused on Production increases at HERON 1 and the potential to conduct WORKOVERS WELL TESTS at HERON 2, GAZELLE 1 and GOBI BEAR 1" - This is what 2025 Operations will be about - All or Part - We should understand this!
*New Drills from 'Cash Injection' from interested parties in discussions / Partnershio Agreement talks already in place.
H1 - ' Sand Screen fix' should be Simple - Low Cost according to Mr Buck (I am not Oil Expert or most posters here - Mr Buck & Team are)
H2 - Can combine for 'cost -effectuve' with WELL TEST of Gazelle
GAZELLE - As above
GOBI - Well Test considered.
WELL TEST Cost - 'If similar production rate to Heron 1 can pay back WITHIN a couple of months' - Let us apply full 60 day and not say 40 or 50 days.
200 x $40 x 60 = $480k
Gazelle AND Gobi - let us say $1M
FURTHER DRILLS - Will be with 'Multi Party Partnership talks'
NOTE: H1, H2, GAZELLE & GOBI 1 - All OR Partnership and link into Commitment of company to NOT go down dilution option.
*Ones who mention Share Article in AGM should understand STANDARD Article for almost any company - Maybe also look at SHARE BUY-BACK Article!