the word I get is they may go straight to production seeing the amount of oil they have
get the thing producing dollars asap
we will get flow rates when in production, there is a fair bit involved in getting this into production, could be 3 weeks
have to dismantle the rig and all equipment and bring in completion rig.
I would favour getting the thing into production asap, they know they have a lot of oil there
question might be which one do they start on first, the original target or the bonus one, I think the bonus one might have more oil than the original one, which is pretty much as expected.
Once those who got their fingers burned yesterday stop balancing their books, we might be in for a nice rise here.
2 more wells will now be drilled, along with more at seebree, which will then take us up to PEL 105
Could be a few times current price by the time we spud PEL
AKK Price at posting:
4.9¢ Sentiment: None Disclosure: Held
