“I could see this basin producing easily 10-20K barrels a day”
Richard Wadsworth is the CEO of Sonoro Energy, a Toronto Venture Exchange oil and gas publicly traded company (TSXV:SNV) focused on oil and gas exploration and production in South East Asia. Richard has 25 years of international oil and gas experience and plans to pursue the significant growth opportunity.
In this episode, Richard explains the significance of drilling in Southeast Asia and the ideal payout for these shallow focused reservoirs. Learn about the program risks and their future plans for development.
Listen to episode 006 on iTunes here or subscribe on your favorite podcast app.
006 Show Notes
The Prize: The Epic Quest for Oil, Money & Power – Daniel Yergin
01:40 – Future stocks plays
04:57 – Tenard at Bankers Petroleum & Richards work experience
11:20 – Why Indonesia?
15:15 – Spending 80 million on oil wells
19:19 – Technical delays and certified rigs
22:37 – Appraisal vs. exploration well
24:00 – Focusing on shallow drilling
26:00 – Drilling program risks
28:00 – Test productivity expectations
30:24 – Future plan for development
34:14 – Near-term outlook for the price of oil
35:18 – Gas potential in Indonesia
37:57 – Focusing on Southeast Asia
39:48 – Handling domestic oil
42:28 – Ideal payout for success
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