time to come clean?

Last update nearly 2 weeks ago went along the lines of:

- Flowing some of the time.
- When we flow it is at 6000 bbl of FLUID per day.

I think that the company over the last 2 weeks has figured out roughly what percentage of the time they are able to flow and roughtly what water cut the well is flowing at... and this is material information!

For example, based on high and low guestimates on the sketchy info:

High: Produce 60% of the time at 10% water cut = 3240 bbl oil / day

Low: Produce 30% of the time at 50% water cut = 900 bbl oil / day

Neither is good but one is sending NDO broke a lot quicker than the other - I bet there are a few worried people at NDO HQ having jumped the gun on exercising the options to extend constracts of rigs, tankers and boats...

So, who would like to know exactly how bad it is?

I would...

p100