1: The current KL well , it looks likely to be a producer but not in the bag yet, there are some issues about when testing may be done. In terms of flow rates it could dissapoint or supprise. If commercial its good news regardless of flow rate as we still have 5Mmcfgpd to fill our Enstar contract but a high rate would give the shareprice a boost.Hooking up before the winter auction would be good news.
2: SCU I see as rather nuetral ,it's probably not going to get tested this season but even if it was, its unlikely to have flow rates only a DST and other tests not unlike COSMO. It already has proved reserves and won't be on production for a couple of years.The best result this year for SCU would be to confirm the oil was there as shown by its twin.
3: WE as the only wildcat drill this year will also be the wildcard, it has no reserves placed on it so a good result there would be very good news a duster would be a dissapointment but have no effect on reserves and have cost nothing to drill.
4: Reserve upgrades on COSMO, Kl and possibly WE (most likely next year if successfull). These results will be positive and add to our overall reserves.
5: The next COSMO well , I don't know if one will be started before year end or not that will largely depend on the data, may require a bottom hole change for example and of course fund raising with BC. As long as one well is drilled over winter there will be none or very little costs for JUR downtime. It's probably the biggest unknown at this stage. As long as 1 or more wells are drilled this winter it is positive in my books.
6: Any new gas contracts and there is a least one in the pipeline would be good news.
7: Possible spud of the next KL well , time and the results of KL1-4 will dictate that.
8: News of NWCI lease extension appearantly expected shortly.
9: News of the remaining 2 permits for WE.
10:Any left field event that can effect the shareprice in any direction.
So there is a lot of info due between now and the end of the year that can have an effect on the shareprice as there always is but things are moving forward.
Cheers Whisky
BCC Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
