That's going to be the question when the well is being tested and the results are almost at hand.
Then it will be a much bigger question if the volume is confirmed and the flow rates can be commercialised.
The pipeline is just over there and connecting it and negotiating a contract rate can't take too long, so we could see income to the joint venture flow by the year's end possibly. Then it's game on.
As for the subsequent payments to PVD, we don't know the terms but the build up to the first "cheque" somewhere pre-July 2020 should be lots of fun.
That's going to be the question when the well is being tested...
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| Last trade - 15.09pm 07/06/2024 (20 minute delay) ? |
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Last
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Change
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| Last updated 14.43pm 07/06/2024 ? | |||||
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