Post by
Canadaturk on Oct 19, 2024 1:06am
NEED AND UPDATE
In preparation for testing the operator, ADX has undertaken the necessary planning, permitting, procurement and contracting to execute an extended testing program on Welchau-1. The target date to commence operations is 15 October 2024.
Comment by
brnbrueck on Oct 19, 2024 2:56am
If I'm not mistaken, ADX is finishing up with their testing at Licht-1 and then the RED rig being used there will be moved to Welchau. ADX is far more transparent than MCF's leadership so we should hear something from them very soon...
Comment by
brnbrueck on Oct 19, 2024 3:04am
Keep in mind that we probably won't see more than 30,000 barrels of revenue from Welchau this winter due to the terms of the environmental permit. So we're looking at winter of 2025-26 before Welchau is really making $$... I'm more excited for our other prospects in the next several months...