....is drilling ahead at Bolling #4 SESW on theCompany’s high-grade Voyager helium development in Las Animas County, Colorado. Drilling operations are expected to take 6 to 10 days to reach planned total drilling depth (TD) inthe Lyons reservoir target. The well will be wireline logged at TD for at least 2 days after which thewell will be flow and pressure tested for at least 5 days.
It is anticipated that upon successful testing at Bolling #4 SESW the well will be completed, readyto be tied-in to production facilities being installed by IACX during Q1 CY2024.
Drilling up to 10 days Wireline logging at least 2 days Flow test for at least 5 days
So 17 or so days or by around 20th Feb to find out whether the well is ok to produce from - not sure whether to like 'anticipation' as it's not certainty. So if there's no pressure, further delays to anticipated production and what of anticipated Q1 revenues - more downward pressure on sp??
Then the reference to Bolling #4 as being a 'minor' well - thus only minor output is expected?
Revenue is expected in Q1 but 'readyto be tied-in to production facilities being installed by IACX during Q1 CY2024'. Installing is not having revenue - it is preparation for such thus is revenue anticipated to be delayed till Q2 as any revenue in Q1 is looking rather shaky.
Hope there's sufficient pressure from this well - or else well, well, well what's next - onto the third one. AIMO
BNL Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
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