Ann: Reserves Update , page-9

Cheers,Harlee.
The more you look at it the more CVN - with(most importantly) Towngas agreement- is set on a course re increased production that it expects to achieve.
Loyz has made statements to the Singapore S.E. that spell out :
* that they believe that current(=recent) production is (only) 1200 to 1`400 bopd.
* that it has seen the Towngas Field Development Plan re the fields in question and that the Plan contains info that allows the expectations of 3000 bopd by June and 5000 by December to be achieved,barring unforseen circumstances.
*that the current 15-well drilling plan is likely to be completed by February 2015,from which the likely result will be an in crease in daily production.This statement might be a bit ambiguous but it seems to have been made as a statement that builds on 3000 bopd,not 1200-1400.It would,IMO,be a non-sensical statement if you were to use the 122 (etc) figure as the improvable base.

I will still be watching to see if any of the latest or as yet undrilled wells in the current programme waters out but Im becoming more confident by the week that the train has left the station,even if the market doesnt think so.