It’s going to be huge!!! From Domus, directly from PB:
Thanks for your continued interest. I really do think the market has the Royston discovery very wrong. This is a huge oil pool and I think the water cut and rates may have scared some investors. The facts are every pool in Trinidad produces water with the oil and has done so for the past 100+ years. So we will educate the market in the new year once we have the data from the test fully analyzed. But a 1000 bbl/d well generates $40,000 per day in net revenue. So with 15-20 wells you can do the math and see the volumes and cash.
The real benefit is we can produce the wells while we wait for facilities and future wells. We have our own water handling facility with two injector wells and an oil battery connected to the oil sales line. So all we do is truck from Royston to the facility and then collect the cash.
I look forward to having the team show the market how wrong they are during 2022.
have a good holiday season.
Paul