OEL 7.69% 1.2¢ otto energy limited

Hi all, From page 15 of Bye investor presentation July 2017 it...

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    Hi all,
    From page 15 of Bye investor presentation July 2017 it sums up and perhaps clears up the capacity of the SM71 platform. see below

    Manned Tripod
    Robust oil and gas throughput to handle future exploration success
    6 x well capacity
    Oil
    4,500 Bopdfrom wells
    on SM71
    15,000 Bopdthroughput
    Gas
    20,000 Mcfpdfrom wells on SM71
    75,000 Mcfpdthroughput
    Water
    5,000 Bwpd
    With a 15,000 Bopdthroughput this may be very handy for quick production of any further oil fields discovered nearby (VR232) or additional production from new wells in SM71.
    It is also interesting to note on the same page, that Bye opted to connect a 4 inch (100mm) oil connection instead of the (6inch 150mm) oil connection,  as it is only 500 ft from the 8 Inch production crimson pipeline, so it would be quite cheap to connect an additional pipe at a later date, if necessary. In contrast to this, a 6 inch (150mm ) gas pipe was connected to the 30inch Kinetica production pipeline as it is 7000 ft (around 2.3K ) away from the platform.
    Obviously, the above confirms, that this platform is ready for, and capable of handling, just over 3 times its current production.
    I think Oel/Bye may have some interesting plans for generating major income in the not too distant future.
 
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