A little luck there I think but was pleased (relieved) to be in the ballpark. The most important bit in report for me is the comment "Seven wells remain shut in as the Operator manages the field with minimum operating cost in response to the current oil price" Imo that means production is being managed to achieve a result therefore the boed reported is not the driver, the cost of production is and this is a different approach to a "Drill baby drill" mentality.
I like the hedge decision but the new LOE in a "throttled" situation is imo where the story is, also if OP hadn't dropped I think this would have been a very good quarterly and mgt deserve some credit for this.
Cheers
SSN Price at posting:
1.0¢ Sentiment: Hold Disclosure: Not Held
