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From what I can gather, and this all

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pro_s2009   Sunday, 04/04/21 12:38:18 AM
Re: None
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From what I can gather, and this all hearsay so ignore it if you want to:

No news this coming week. Results will be released on Casca Deep flow testing when all is done and confirmed and not before.

The company consider Chinook to be a "significant" oil discovery and are planning 2 wells East of Chinook-1, where they will be significantly updip vertically from Chinook-1) and hope to prove "significant" volumes of recoverable oil. (as has been said, Chinook-1 location was chosen to use the existing road and existing drill pad from the Shell well decades ago to minimise the environmental impact for an "explo" well - now oil is proven real drilling locations based on real results and analysis will mean new road and new drill pads)

The 4 south western oil licenses that were extended to 31st March have been agreed to be extended to 2030 - crossing the t's and dotting the i's is ongoing.

Coho-1 will be on production fairly soon - giving a nice boost to production and cash flow.

Royston-1 will be spud before mid May. Royston is again a completely different structure (Coho was on a structure, Cascadura a separate structure, Chinook a separate structure and Royston the fourth separate structure to be drilled) and based on all drilling and logging so far, the old well data from Royston looks very similar to Cascadura (and Cascadura and Royston look different to the old Chinook well logs which were in fact oil shows in the old well).

There is confidence that Chinook Structure will yield, in time with appraisal drilling, more value in terms of oil than it would have had it been gas.

Use or flush.....your choice.

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