Psi ,
Back in Nov 2011 when they announced the end of EPT the oil production ranged from 200 to 400 bopd with water cut under 10%(assume at 400bopd) down to 3.2%(assume at 200 bopd)
Can we assume at 250bopd production now that 3.2% water would be acceptable.
If it is on pump to increase production it would be more
If it is on pump to stabilise production it could be less
I really think they should be disclosing the water cut at current production otherwise suspicion arises of production problems.Why is the sp at 7.5 equiv (JH era had a better sp)
I have no experience in this field.
What are your thoughts Psi?
Just trying to understand whats happening at surprise.
Going by the recent company preso Surprise never got a mention till page 9
Am i reading too much into this?
A year ago it was our savour with cash from production paramount.but delay after delay.
There seems a distinct change in direction and i really think they dont want to drill
I have wondered for well over a year whether all the delays to the PL for surprise was all NT Gov doing.
all opinions appreciated.
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