January 2012 31 days 9,202 Barrel of Oil - 296BOPD, add in gas and you get 358BOPED for January 2012
December 2011 produced for 12 days at 148BOPD
Company presentation was for 200 to 600BOPED IP so for 30 days within range. Would translate to around 44BOPED for January to SEA (around NRI 12.17%)- free carried on this one. We also get a 3.9% ORRI on production here.
SEA Price at posting:
77.5¢ Sentiment: None Disclosure: Held