Friday, December 08, 2023 2:25:29 PM
I am not as knowledgeable as KyOil, not even close but I will toss my thoughts in anyway.
It's drilled mostly. If the layers were the problematic ones with MJ1, then it could be a struggle. I think there were two areas, the Triassic and Mohela.
I do not understand the technologies at hand but my understanding is that the 'new' technology allows or assists flows in poorly puorus rock. This would not be massive flow, but hopefully commercial flow. The oil IS there, just getting it out is the trick.
Suppose it does flow and with the pressures we get 100 barrels a day. That does 2 things, proves it flows and allows the thoughts of multiple spots to flow from. The rig can drill horizontally if I remember right. We have the 3d, so we know what directions to drill. The pad need not move.
So what does 100bbd get znog? Investors with deeper pockets. The shares will not get to $1, why? There are 600+ million of them. I think 25 cents is reasonable and that $30+ million of new monies could get larger holes and more of them. Horizontally drilled would be a gamechanger I think. I know not that cost.
As KyOil has aid many times, what is that p50 number. If large, then maybe a buck later after the horizontal is there. Otherwise, we would fluctuate around 25 to 50 cents...
Other things come into play once that 100bbd is reached, that is for another time I guess.
For now, I would say we would know within 60 days from start, whether the tech will get the oil out.
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