buyers creeping back..., page-8

Trade4 wrote

"2. Confirmation that Worrior has been bought into production and that flows are sustainable will be well accepted. All sorts of things can go wrong with this sort of find...so if the substantial flows prove to be sustainable, I think a few of the bigger fence sitters might take it as a signal to take a position.

Importantly, I am sure that if Worrior proves to be as good as expected, they will give the go-ahead for the pipeline, thereby freeing the field to much higher production rates.

As I see it, a pipeline is crucial to improving the economics of Worrior and would cause the market to upgrade COE's (and STU's) value considerably. It is important, not only beacuse it allows production from Worrior-1 to doubled, but beacuse it would effectively give the go-ahead to the drilling of future development wells on the field...imagine 3 Worrior's, all producing at over 2000 bbls/d. This could be possible by mid next year!"

Note that Stuart's CEO, Tino Guglielmo, used to work for Santos in Overland Pipelines.

I think a pipeline should be worth net$2/bbl on production, and it will allow Worrior to produce from all three layers at once.

Given the flow rates on the DSTs, we could be looking at 3000 bopd.