1. Welchau -1 is an exploration well.
2.Deepening the well makes economical sense,
3.Welchau -1 can be side tracked this or next year and a directional well for production is still an option.
4. Approx $5 Million AUD options expire Dec.2024 @ $0.16.
5.Historical and seasonality suggest Oil Price of ~$80 to $90 USD and Dutch TTF price ~ $15 to $17 USD around October to December testing period,
I prefer to look at the glass half full!
1. Welchau -1 is an exploration well.2.Deepening the well makes...
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