Based on my numbers, should have generated Cash in May of approx $700K based on PAALP WBS pricing - vs approx $400K in April... shows the effect of 20% gain on oil price to almost 75% gain on Cash. My assumption being costs are consistent with reported costs in Q1.
All wells are now producing (Apr had 1 well still shut in). No mention of flow being choked back. Comparing to the IPAA preso production forward estimate chart - which had Apri; as peak and May showing start of decline, this Ops shows May as current peak ... need to wait for June then to see if there is any decline (if not then likely wells are being choked back).
Commentary on Bluff means what?? 100 more days to wait for oil or water (being 8Mmcfpd and 440Mmcf produced so far and need approx 1,200 Mmcf to be produced)?
SSN Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
