TS would also have also mentioned that their engineers (& GFA) have attributed the change in production profile to the 'mobile sands' that give excellent recoverability but get in the way of production. AED are certain that reserves are robust and in fact that recoverabilities will be at the upper end of expectations.
TS would also have mentioned that production NEEDS TO BE REDUCED to commission the Gas Lift, hence why production is down to 20,000bopd at the moment. Before the reduction oil was flowing at 26,000bopd.
The water-cut is within acceptable range . . .
And P-10 is going better and faster than accepted (to be advised next ann).
All is well.
AED Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
