PVE po valley energy limited
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0.7mmcf/day, page-8

  1. danny3
    1,546 Posts.
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    16/12/11
    10:09
    Post #: 9448717
    The last Bezzecca update:
    The two-well production plan will access a revised 2P reserves estimate of 3 bcf. Combined production rates from the two Bezzecca wells is expected to be about 2 million cubic feet per day

    But the second Bezzecca well isn't scheduled to be drilled till 2014 (which means it will happen in 2015)... if we assume the single well production will be 1 mmcf/day, that's not going to get us from $3m pa to $10m pa.

    Sant'Alberto is the field I'd like to see come online. That or something coming of one of the oil plays...
    PVE Price at posting: 15.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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