this is my take on things,the IP rates are no longer that important we know what flows we can get without restricting the choke, morgan 2046 b/d & 5.16 mmcf/d ,it's all about ultimate recovery rancho turnbull 1,2&3 all restricted choke.it will be interesting to see when production at rancho will be greater than morgan ,my guess is 90 days.AUT is now in field development so the more wells drilled the better(about 650 wells to be drilled) & that's happening with hilcorp with little risk.the thing I'm still waiting for is the reserves upgrade as this should re-rate AUT , this is what the institutions need to see, it's taking longer than first thought but hopefully not far away.
imminent news, page-29
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