MIN 1.43% $50.99 mineral resources limited

1000bopd oil from the first well is almost inconsequential...

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  1. 2,381 Posts.
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    1000bopd oil from the first well is almost inconsequential compareto the size of the gas opportunuity. I haven't seen the seismic data to try to ascertain how big the structure is.I cannot see it being a priority right now. Maybe IOR could be interested in running a mini-refinery like at Eromanga, servicing remote area diesel users like the many who won't be in a rush to be first to run their trucks and other yellow goods on some sort of "green juice",

    Someone used to truck small volumes of crude oil to the BP Refinery at Kwinana when it operated. A tanker a week or so,The gas on the other hand, especially if combined with Gina's is a real prize.

    With major pipeline access I fully expect export permit will be forthcoming, especially on the terms Chris suggested. He really knows what buttons to push with politicians.

    I am bemused by Chris buying the drill rig, but he is not afraid of a challenge or doing unconventional things like the private airline.
 
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