I think this is a good sign, it will be great if they can hold around a band of 2.7 to 3.0 for the next couple of weeks, it will give a good base to rise from once the patriot rig arrives from Singapore. I would expect some more upside on the rumour leading up to the spud date, and then more whilst drilling to re-set the MV to take in account the added production. If they succeed in increasing production to 2500 BOPD, that's an gross income close to a million every five days.
Plenty of cash flow to fund and advance some more projects and drilling including Galoc North.
All just MO, maybe wishful thinking LOL, but finger crossed for all.
I think this is a good sign, it will be great if they can hold...
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