VH - I think I understand the basis of your estimates. The last production report did show production for this qtr starting at 3,450 boepd from the 15 wells. I had assumed this was not full production as it did not seem to match the production on the graphs or the data provided. I thought there must be some wells not producing or whatever as this number shows only 230 boepd on average per well which did not fit with what I read on graphs which suggested flows of between 250 and 500 boepd for each of the wells and therefore an average closer to 400 as the starting position.
I realise the flows will decline from that number but 3 wells will be added. I also realise I may have not understood the graphs correctly.
But this is why my estimate is so different.
FDM Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
