Yet more good operational news
Gryphon Wapitiwell flow back operation should be completed soon with initial sales in early January.
Initial well test oil rates are in line with pre-drill expectations. David Deloub indicated that the ROI should be 50% better than the Caroline well combined with the Wapiti well being under budget, then should exceed the 50% better ROI than Caroline.
Sales early January.
David Deloub indicated that the lifetime of the Caroline well is 20 years..although he only models for 10 years.
Looks almost certain SHE will be printing money during 2024 and beyond to adding to its sizable cash reserves.
They really should be paying a dividend in 2024 considering how much cash they are holding, it will inject liquidity into the market rather than wait for 2000 Barrels/day but perhaps avoiding as banks have restricted loans to oil companies.
Yet more good operational newsGryphon Wapitiwell flow back...
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