Omg, this is really quite ridiculous I knew all the talk about thousands of bopd was going to effect this end of the drill. What we have here is consistent with Cuban shallow resivours. I do partly blame AP for not pointing this out more and also partly alluding to we could see free flowing oil here. This shallow depth can be directly related to the Cooper Basin where we produce out of similar shallow resivours such as Birkhead, McKinlay etc and have done so for decades This is achieved with beam pumps and more recently with lateral wells incorporating ESPs. Same technology will apply here, alas at a much much cheaper drilling and completion figure. To add the market is 50km away, not like ours here in Australia which is Singapore!! Guess what it's still profitable too. Looking forward to the rest of the testing, resource upgrade and then A3, which should definitely have drive support to get it to the surface unassisted.
MAY Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
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