Ann: Thailand Update , page-5

To get a bead on where CVN might be in 12 months time,excluding Phoenix and assuming,for demo purposes ,no V drilling the following cigarette packet figures are a broad brush approach to where 100% S drilling could take us.
Start with current production 600 bopd
Assume ALRO allows production to recommence...200 bopd
Sub total 800 bopd
Allow for about 43 of the 60 wbext wells that have been approved but have yet to be drilled to be S wells (and 15 of the 60 approved to be V wells)-allow for 100%
success at an average of 100 bopd,or 40 bopd to CVN..
add 1720 bopd
sub total 2520 bopd
Assume that the NS field can stand another 13 wells in addition to the 2 successful wells ,with 100% success

add 520 bopd
Total 3040 bopd
The NS field is 1.6 sq.k.aerially and it could stand 15 wells at spacings of 40 acres per well.
3040 bopd would require permits for the 13 NS wells.
There would be no rig available for any V drilling.
There would be additions for well workovers,provided the
elite rig does not do them.The partners have an old maintenance rig that is used for workovers and for recovering the Elite rigs drill string,if necessary.
In the 30/6 Q the Elite rig was out of action from 20/4 to 20/6,yet POE still did some workovers and the game plan























shows a lot of emphasis on workovers.The baby rig is gutless but handles makeovers well.Its almost certainly on the books at a zero value (Im fairly sure the partners own it) and costs peanuts to operate).
And thats it.Just musing.Dont be tempted to up the 40 bopd expectation-at least its got a relativity to CVNs expectation of 100 bopd(40 to CVN) to 200/80 for the wbext S wells and I dont see a need to vary these figures for the NS 13.