Ann: SM69 E2 Production and Reserves Update, page-22

cara kudos to Chris for calling the stabilised production.

the key take away was what was absent for the update absolutely no mention of where the well cost landed. Payback within a year - vague as ever from the company. But cashflow will be used to repay debt and cost incurred drilling the well.

G3/G4 follow up drilling delayed to March 22 read into that what you may - it would seem crimson is unwilling to provide further debt to fast track said drilling.

total gross production rates insinuate continued production decline from G#1 & G2 - total capex of ~$60m across the SM58 platform and three wells(G1/G2/E2) is grossing 1250 bopd and 8mmcf - remember BYE expected 1000bopd/20mmcf from each of the G1/G2 wells …. Beware the decline curve