5th Slide says it all; production and development overview.
33 wells brought back online from workovers and pipeline repairs
129 wells identified to be brought back into production;
workovers underway
Some wells earmarked for abandonment now being assessed for
in-situ power generation
Daily oil production of 260 barrels/day is sub-optimal; seeking to
more rapidly capture upside from under-utilized wells
There is a slew of other wells that will be operationalised in coming months. the days of wildcat $1m drilling rigs out in the wilds of Pathfinder are over and the focus is infrastructure and sales. Yaay!
they don't have any data on the in-situ power generation, but is clear americano and JWP will be on top of the list of prospectives and they have no plans for major drilling initiatives currently.
I posted on another post that they need a 12% increase in this new production to reach annualised revenue of $40m. this is waay understated, given the above referenced slide. I'll have to punch some scenarios and date and hopefully fill my .12c order
Wazz
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