Couple of technical queries for anyone in here who has the expertise or experience in these matters.
Announcement above says approx 22 days from commencement of drilling to completion of well depth at 2670m true depth (2900m measured depth as well deviates from surface location), intersecting 3 prospective reservoirs. Drilling expected to commence late July, which means mid to late August well should be complete.
- First questions(s): After these 22 days, how long does it take to assess the capacity and recoverability of the in ground resources? i.e when should we be expecting an announcement about what they find in the ground?
- Second question(s): Lets assume that there is a commercially viable resource in ground, realistically, how long would it be until production could start? What activities would have to happen to commence production? Is the limiting factor people and operators, approvals, construction, supply of production equipment, storage and transport of the resource?
@Luvlife is this something CT could shed light on in your discussions?
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