Ann: Production Update, page-7

Remember the posts saying that they would run out of money to finish drilling SM69E2 .
Then that it was likely to rapidly deplete and not repay its cost of drilling .

SM58G5 is producing well from the bonus discovery in the L2 .
Producing much more revenue than justifies the recompletion in the origional targets any time soon .
Because of the tenous connection to the downdip part of the L2 reservoir the depletion rate could be slow and economic production from the L2 could delay the non drilling rig recompletion for quite a long time ..
I see that as a very nice problem to have .

Even SM69E1 chugging away at 135 bopd / 153 boed is a great result .
Will the so called failed wells G3 and G5 each be producing more net revenue than the yet to be completed GC21 after OEL has paid the unknown handling costs on the Talos owned platform ?
We will know that before too long .

BYE has net revenue after hedges of US 260,000 per day .
We are out of season in Australia and New Zealand with the USA .
Cherry picking season does not start until June in the US .

I appreciate how they treat their shareholders as adults and spell out everything warts and all .
They seem to be on track to me .