It could but I think it would be an error in judgement unless they are just timing it to get back in.
This is the top sheet. If it even flows at a couple hundred barrels a day - with the benefit of enhanced techniques this is a field that could then support hundreds of horizontal wells maybe doing a thousand barrels a day each.
We still have the deeper sections with much higher pressure that can yet deliver the early payday and easily fund such an expansion with profits to spare.
I saw a comparison earlier to Varadero limitations but Varadero is offshore.
If you have an investment time horizon of more than a few months then this flow test is far from make or break.
MAY Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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