IF they are smart - which they are, they'll ramp up production to a 'possible' 20,000 bopd THEN choke back the wells to a rate far less.
As field development unveils and more blocks produce oil there won't be any need to max out the wells under production.
If there is 100mmbbls in the ground, no-one says they have to pump it out in 12 months!!!!
Why not draw it out for a few years, at lower rates incurring less tax - for a longer income period, maximizing profits?
Makes all the sense in the world to me and I assume them!!!!
time to feel good about cvn, page-39
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