So far the results have been fantastic, new oil fareway in a seperate fault block. Sidetrack to test a seperate structure. Looks like were in an oil sweet spot.
Only negative is the lack of market reaction. Maybe we need the sidetrack to also find oil for the market to pay proper attention.
Can't wait to here the reserve estimates and hopefully future tie back plans.
Being so close to the platform we are building is fantastic, if commercial we'll be able to produce at 15000 a day for longer (Tap 4,500 bopd). Would be great for future cashflow but now we wait for the sidetrack.
Good luck all, hopeing for the best!
TAP Price at posting:
54.5¢ Sentiment: LT Buy Disclosure: Held