RE:RE:RE:Malcy converses woth BaayDavidblackgreen wrote: On Malcy’s it’s clear that a lot of people in the UK don’t care for him as he seems to have blended his positioning as an “independent analyst” with company promotion and heavily backed a number of very poor investments, with Hurricane PLC
being my personal pain point!
However he does have privileged access that ordinary shareholders may not and Ceos like Paul Baay are often happy to drop hints in interviews with such people as Malcy that the can’t to individual shareholders.
So after making that case here that there may be some value in the Malcy piece here are my little titbits in the text:
Chinook is likely to be liquids rich. If so then new tax regime coming may be very helpful?
21 locations for future exploration drilling. That number keeps on rising.
Second well at Chinook possible.
Second rig potentially for 2021. Will it be bigger for the deeper High pressure targets that the Cascadura 1 struggled with?
Two potential Royston wells.
Permit negotiation underway on production acreage. But are there deeper targets there? That question is pure speculation on my part but my head says “Maybe” and the infrastructure to develop there is already in place.
So maybe Paul Baay did have something to say and Malcy is just the useful soul to carry those messages?
Paul been saying 21+4 for a long time though in some of the recent interviews he said 14 or something instead, personally I stick with the 21+4 as that lower number comment was an anomaly as far as I see things.
Should Chinook be succesful it will most likely be at least another well there...that comes as no surprise.
Same with Royston at least another well there...at least.
They been talking of bringing in a second rig for a long time and I once thought they might even do it for the 2020 part of the campaign but then came Covid and now it seems the two rig option could very well be up n running in 2021 instead, though it will likely depend on the outcome of Casca-2 and Chinook.
And yes the rig will be bigger as they had already indentified a suitable one I think back at the start of this year so it is likely that is the one they are still looking at.
I'm almost certain I heard or read in some interview somewhere that they have identified deep targets at the western fields.