Currently in discussions regarding the GoM producer using Multi-flow on their larger pipeline for around A$2.2 million per annum. Get this done and they're forgiven. It appears a slam dunk to my mind considering they've been capable of increasing oil flow by 25% simply by using Multi-flow. Would get them in the black whilst regaining their lost credibility due to the slow uptake.
Santos expanding the use of Multi-flow also a clear indication that it's a step change to their historical chemical regime and logic suggests that the South Sudanese trial participants wouldn't be in discussions for another order if it wasn't working.
Priced for failure at their own hand however, it'll be quickly forgiven if they get these two pipelines.
HCD Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
