First production test achieved 1903 bpd and was chocked down to average 1200 bpd from one well. Now have 2 wells in place, so conservative 2400 bpd should be capable within a month or so.
Next development wells into 1b will be quick and cheap. Production 5,000 bpd by the end of 2024 is what management have continued to quote (as late as Thursday) - you can expect the 5,000 bpd is a conservative estimate given ASX rules.
MAY Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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