Ann: Gemini 4 Well Campaign IP30 Production on Target, page-9

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03/09/21

16:07

Post #: 55817123
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Originally posted by rosencrantz: ↑

on a simple arithmetic basis the average IP30 rate for gemini 1,23 was 5056 divided by 3 = 168.3 boepd . Refer 7 may announcement.
3 September announcement indicates IP30 rate of 176 boepd average across Gemini 1,2,3 and 4.
So, Gemini may well be improving the picture.That is entirely possible given that it is draining a separate ' Glauconitic' reservoir and that it is 40kms east of gemini 1, 2 and 3 wells.
I was interested to read he MD's observation that gemini 4 was a step out well yet they had to spend an extra C$0.5m to fully complete it. He also made passing reference to ' if it is successful'.So, I would appreciate some elaboration on future plans for this reservoir .
Lastly, the stock was sold down to 17.5 on decent volume . I wouldn't conclude that the selling has anything to do with this undeniably upbeat report.
What is encouraging is that there is increasing dollar volume of trade ..despite the dampening effect of the consolidation. Will 17.5 be the historic, post consolidation low? If they keep insisting on IRRs of 500% it could be .

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CE1 Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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Ann: Gemini 4 Well Campaign IP30 Production on Target, page-9

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