re: excellent annoucement...thats all In my opinion there are 2 schools of thought with ROC, those that are using the last report to guage income and reserves and those forward looking to Janurary when the 2 North sea wells come on line, the remaining 2 wells at Cliff head are hooked up, perhaps Chinguetti flow problems are remedied, and income from the former Apache well is reflected on the balance sheet.
My estimate is 22-23 thousand barrels per day in Janurary, great income for a "small" company with the Angola drills to come late this year,[drool] and perhaps the latest China find being declared commercial.
cheers
excellent annoucement why the sell down, page-39
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