RE:LSEG website........Presentation Update !Your thoughts about Sp and if we will sink lower before we ride it up ?
GB
gamer007 wrote: Marshal Abbott stated that next Wed. Dec. 1 was when the were looking at hooking up the West Pepper...............and announcing flow rate in that week !
The well was tested at 10,000 MCF per day a few years ago, but they will run it more carefully at about half the rate................for longevity and technical reasons..........
Still .............$500,000 per month .............ka-ching ...ka-ching.........
...... Starting in December , together with present cashflow..................the will be generating about $1 million per month, after royalties
Other points to note...............The RCE-1 well on the Tapir block is running only at 1/3 speed as only 1 of the 3 zones have been perforated.............RCE- 2 to be drilled in january will tie in at least 2 zones........................
Meeting with Miinistry in Bagota in December visit to advance Pardo extension licence
These gentlemen have impressed me with how they have streamlined the company for the future growth over the next 12 months !