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to many oil companies consolidation required., page-17

  1. 6,650 Posts.
    Berocca

    I know the solution for AED problems, easy to do onshore, offshore with huge daily rig cost you just do not have time to fiddle in getting the new production liners in. And even if you do you will not know for certain that it will work for Puffin. Hence large risk of throwing good money after bad.

    Very good reservoir at Puffin with huge permeability, thin oil column so easy to suck to quick and just get water. Easy to say in hindsight but lots of other companies had walked away from the field, makes you wonder why hey.

    Good luck to all ARQ holders, as the last thing they need is another distraction with a possible AED deal.

    cheers

    PC43
 
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