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20/02/23
11:54
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Originally posted by Roch2077:
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Look we understand that is why they have production infrastructure to immediately get this done with the government and start producing. Again it’s about the resource that we are here for but the production infrastructure and production engineers tell you what’s about to happen. Oil will be flowing into barrels and the resource is up to 5-10 times larger than has been quoted. If not today, tomorrow or Wednesday or next week this is still going north of 10 cents towards fair value 20 cents before appraisal
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All they will do, is leave the hole safe, so it could be used as a future production well. The rest of the rig will be demobilized and shifted away onto the next job. These rigs are leased out from project to project. Go on, go ask AP at the webcast whether the JV is allowed to commercially extract the resources under the current contract...lol