RE: RE: RE: RE: Basil well IP 5000 bopd?Thanks for engaging Sickb, you raise valid points.
Still it might look like to me that NSE is not flush in cash. They had a bout 580 days of Jacky at let's say 1000 bopd and $ 50 netback yields cf of around $ 29 mln minus the $ 12 development costs for Jacky and let's say $ 7 mln company costs over those 2 years leaves about $ 10 mln.
I think if they would do Jacky it gives them a financing issue for Polly as costs (WI) is twice as big. Looks like NSE is pushing much more for Polly than IAE is:
https://www.northseaenergy.ca/images/NSE_Update070809.pdf
In any case it's clear they are in dispute & there's a number of ways how this can play out. We'll see..
R.