RMP 0.00% 1.7¢ red emperor resources nl

Ann: Alaska North Slope Presentation - November 2018, page-52

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  1. 47 Posts.
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    Armstrong/Repsol & C.P. have flowed the well at commercial rate at Nanushak formation. Armstrong/Repsol flowed verticial well at 2100 BOPD (AVG) and 4600 horizontal well & Willow well flowed by CP at 3200 BOPD. 


    http://dog.dnr.alaska.gov/Documents/ResourceEvaluation/20180521_DiscovThinking_Decker.pdf (slide 9).


    If they find the oil, i believe, chances of oil to flow at commercial rate is v high. This part of Alaska have light sweet oil, easy to flow and easy/cheap to extract.


    About ground value of oil, I think let the market to value the discovery!!! 88E have valued over $300m on unconventional discovery (without flow rate) and then CVN currently trading at above $400m for just 30 mbbls oil with v high drilling & extraction cost. 

 
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