flow testing, page-17

kongg,

You shouldn't get shot down because you're pretty much right.

But there are a couple of things you need to consider.

1. Fraccing or lateral drilling can turn 100bopd into 500bopd.

2. If the field is big enough, simply drilling more wells is an option. If they only produce 100bopd but do so for 15 years, they will pay themselves off and even if you only make a small profit for each well, you'll have multiple wells.

Obviously, the bigger the field, the lower the flow rate required to make it economic. So if JW turns out to be 100MM+ bbls, but JW-1 only flows 150bopd, then multiple wells using fraccing or lateral drilling should be enough to make it economic.

As you said, considering the number of shares on issue, decent dividends are another issue entirely. And since a lot of people will take your attitude ("only 100bopd?! OH MY GOD, SELL SELL SELL!) I think we may see a bit of a SP pounding if the flow rates do come in that low.

But as the saying goes, DYOR. 100bopd doesn't mean this field is finished, and it certainly doesn't mean the Western Amadeus is finished.