COI 3.03% 17.0¢ comet ridge limited

Ann: Mahalo 7 Horizontal Well Project Operational Update, page-3

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  1. 349 Posts.
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    I'm no geo or pet engineer, while flow rates are always material, I'm beginning to suspect that what is more critical for this particular project is JV influence.

    My personal understanding is that the resource is of top quality and the COI mngt team really know there stuff. However the JV with STO and ORG is both a blessing and a curse. I wouldn't trust ORG to boil a kettle but STO seems to be a bit more with it. Personal experience only from working the gas fields.

    Posts here are really quite compared to other csg potentials.

    I get the feeling that development of this field is still a very long way off as it is so low on the development priorities for ORG being the operator. Both big boys have more fields much closer to water treatment plants and gas plants

    I'm a long termer and have heard some COI insiders complain at how retarded org is and it's like org is trying to bankrupt everything through sheer incompetence amd beaurcratic bungling.

    Give COI to operate and we'd be in production and sales ages ago
 
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