CVN 0.00% 20.5¢ carnarvon energy limited

ann out, page-19

  1. 2,163 Posts.
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    Ktrianta-its absolutely bad form (politically) for the JV to get to production levels like 19,999 bopd and then close the choke. That would be like saying(shouting more like it) to the Thai Govt. that they are taking too much darn tax ,or are about to, and CVN isnt going to play their game. So at any point of time from now on (or even before now) if there are 2 total bopd figures available (and there always are) CVN will always downplay production lest Thai politicians pick up on the announcement. For example if CVN has just announced a 2650 bopd well that brings the potential production from all the successful wells to date to 16,440 (Woodknomes figure,which is pretty spot on) but the actual oil coming out of the ground on the day before the announcement was 13,000 CVN will use the lower figure and make the wording introducing the total production figure announced fit the 13000 figure. None of us like the SRB,but best that our directors dont throw their anguish in the face of people that they want to stay friends with and instead trust that you and I can read between the lines.There is no discrepancy.
 
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