Another box ticked. Other boxes to tick imo relevant to price are (simplified, not comprehensive by any means, just some of main points).
1. Updated estimates of the three tiers.
2. Viscosity of oil in each tier.
3. Estimated flow rates.
4. Well/s construction.
5. Well/s Production.
Before we get through all that, we of course have another drill coming up. Success there will be virtually cream value add. IMO with these figures already, this has May as more than viable for some time to come.
Took 10 years for me to be finally in the black with these, I can wait longer for a better return.
GLTA
DYOR.
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Ann: Alameda-1 Significant oil pay defined in Marti structure, page-191
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