Ill be happy to get to what i consider to be around the "fair value" mark of 15 cents per spud
When the appraisal is successful, and i mean when, as the only reason it wouldn't be imo is due to a mechanical/structural fault/failure, we should see a material lift in price above previous high of 21 cents
"If" the flowxrate is North of 1000 bpd and THP remains stable id expect even more of a lift.
I dont get hung up on flowrates, its all about sustainable flowrate and costs for me
We could be drilling production wells at ~2 million a pop and if we're producing anywhere near that figure or more per well, we'll, it's payday right!!
The big one for mine is the deeper resivour's, if we can get this up some production casings and the indicated pressure reflects the suspected flow capacity with that API we all hope it is then, yep, that could be your quoted SP figure
Can't wait...but i can
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