TheCardinal wrote: I'll presume you've read every Press Release announcing
every one of the six wells, and that you have reasonable
reading comprehension skills. But you nonetheless still
appear to not completely comprehend the situation.
Every well has been perfed and put on production!
Every one!
They're all producing! But at different
rates and pressures.
That's the bottleneck! That's the
challenge, but luckily it's an easy one.
The first step is to balance all six at the highest
common, sustainable flow rate, to maximise revenue.
That's what the re-perf programme will achieve. And
that will not be costly, because they can do it with
wireline techniques from the Platform(s).
No rig needed! Then, with all six balanced and producing roughly
the same amount, that will make the monthly
revenue calculations easier and make their
valuation easier, as well.
Now you can ask some other question at the AGM.
You're welcome, my pleasure clarifying this for you.
windymayor1 wrote: "6 producing wells"
I think this is the question that is hanging over the stock and investors.
Are they indeed producing from all 6 wells or are they producing only the most recent and have to perf the prior?
That will be my first question to them at the AGM.