RE:RE:RE:RE:RE:Brent crude is trading over $79 today.I see you have ALL the answers, well we shall see if every spud is commercial. I have been here since 2011 & I genuinely hope you are right,
We all know Teremia 1000 is marginal with a 45 to 50% water cut., but I will take it at this point. The 20 million I was referring to was the Teremias 1000 drill cost. You can say 50 million but honestly I sense you are guessing. Yet you have the majority not only convinced, but would have you as a director. I honestly have my fingers crossed with the drill program under way.
From all you project all the wells are going to be commercial, right?? Ever here of dry holes? I like what you say, yet I know better given the progress we have practically evidenced to date. Without doubt a major operationally proven field of petroleum reserves would increase our returns I say X 50.