oil price up 20% to aud$55bblo, page-8

Graham,

Lets take 3000 bopd - thats a million barrels a year. With 15 Kenmore wells producing at 150 each, I can see how they can do that.

Sellicks and Christies are both looking to be on the low side of 0.2-1 mmbl ... the water cut is terrifyingly high for wells of their age (see PIRSA PEPS database Oil Fields), and I'm not happy about Acracia's water cut either (Acracia may do 400 bopd in the future. It'll never do 1000 bopd again, jet pumps or no jet pumps, Acracia-4 or no Acracia-4).

Aldinga is a 100 bopd well ... Harpoono will be similar, and BPT have 6% of RSW.

Then we get Queensland ... and 2 stepouts do not make an extra 2 mmbl of reserves. And I still want to see well-by-well production and water cut figures for the Kenmore wells.

And as for going into the middle of the Cooper, aint happening this year, unless GOG is willing to cut a further deal on 107 (GOG dont have the cash right now to support their 60%, even if the targets are there) ... they're doing their wildcat drilling in PEL92 or Queensland, neither of which I would describe as in the inner ring of Cooper PELs.

So, in summary, Beach needs more transperancy, and less oblique references to secret plans.

Besides, my secret plans are much, much cooler.

Ian Whitchurch