What’s everyone’s thoughts on the change of play to light oil, if a commercial flow rate can be achieved it could be very positive.
While total equivalent hydrocarbons may be less
than first predicted, as mentioned in the announcement the pathway to cash flow should be much shorter, and that grade of oil will be in high demand.
It would be interesting to hear some thoughts from someone in the sector.
Ann: Welchau-1 Discovery Well Resources & Testing Program Update, page-9
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