Longtermers ramble, page-10

Cheers DB always enjoy Mandurahs posts rare as they are and the below somes it up for me..

"In short, and at this stage, I would much rather be sitting on this low rf of 17% with a larger
STOIIP, than an unrealistic and over optimistic high rf with less STOIIP. The facts we do
know that would ordinarily lead to a rf of 20-30% in similar reservoirs in other fields are "

We all tend to get a bit hung up on the size of the field and obviously when selling the more you can book the better, however I have production in mind, so wells that can flow at 30,000 Bopd and a full field peak of 140,000 Bopd mean much more to me because they represent income and won't change much, if at at all, regardless of the fields size and would only extend its life....the fields big now and its true extent probably won't be known for years...

Cheers Whisky