100 days ewt, page-9

I think it would be fair to assume the status of Tindalo is similar to as last advised. That is, undergoing the EWT at an intermittent 6000 bopd, and testing various other rates. By now the problem/cause of the water should be understood.

P1000 and Oilman1 are probably both correct, the well will need a workover. The question is, can they produce above break even (approx 3400 bopd) in the interim.

What we don't know is what rate of production they can maintain and be able to process the water. 3 possible scenarios:

1 If they can get say 10,000 bopd net, it would seem logical to produce at this rate as long as possible.

2 If on the other hand they can only do say 4000 bopd or less, then they need to do the workover asap.

3 If they are capable of say 4000 - 10,000 bopd, I'd guess they would produce at this rate whilst testing etc keeping a careful eye on changes in the watercut rate. In the interim they would ensure they have the equipment etc ready to go, as they may as well do the workover sooner rather than later.

I believe if scenario 2 was the case, they would have to advise the market - this is fairly black & white
If scenario 1 or 3 was the case, they may delay informing the market to see how the water cut behaves.

Remember Tindalo is only suppose to be a short term cash cow to fund the bigger projects such as Gindara.
The above is fairly well in line with what mbramich reported on Jo's email.