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10:45
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Originally posted by Linebacker11:
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Re-watched the Webinar last night " ... MAY - standby for the recommencement of 10000 bbls/d posts ... and 1.00 posts ... ... MAY - excellent question around the 56:00 minute mark [pricked my ears up and maybe the markets ]... astoundingly [and maybe not so?] there were no clear numbers to this critical question. Why it is critical is way above your head Kiat/sharetrader78 as you have shown by your own posts and am not going to spoon-feed you, but a great question. Only other maybe worthwhile section was the near maybe 'vague' reply to down-stream refine/sales ... ... MAY - no FORMATION WATER significant ... [also not one question shows a lot].. MAY - on these tests [iso?] usual shut-in x2 flow period then shorter FP [mod] and the information released on the flow makes it maybe difficult to gauge imo ... but the market maybe awake ... am in no way posting it's 'all bad' ... but it isn't hard to be better than DST-1 ... API- 19 ... MAY - so all the posts on this thread seem to now assume that these flow rates reported are in the bank ... the dreamers are like thats it !! we have ~1200 bbls/d and we now look to more and lets build pipelines ... lol ... nothing maybe further from reality ... fanciful ... ... MAY - any punters that maybe new to O&G and maybe giving credit to the pumpers on these threads ... go back 15 or so years and read-up about AED [puffin-field?] ... maybe a cautionary tale of what may happen to fields etc with maybe all the promise in the world ... ... MAY - huge positive imo is the MAY MD knows exactly what he is doing and MAY are performing well 'operationally'.
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I was actually reasonably comfortable with the response to that question. He confirmed that the Cubans have capacity, that the lower API stuff can be sold for power generation and that the Mexican's would likely take the surplus. I'm not sure how much specificity is warranted given this stage of the game. It will be an evolving beast but I now don't see it as a problematic potential bottleneck.
(20min delay)