dDon't understand their math on increased production
If 100 bpd = 30% increase, then oil production before this should be 333 bpd
We see from their Q3 update that September total production was 221 boepd, with oil accounting for about 175 bpd of that.
30% of 175 = 52.5 - assuming wording correct - oil
30% of 221 = 66.3 - assuming they meant boe equivalent
only other options are:
- 50% increase in production (boe) at Z&G fields in October - unlikely
- 100 bpd was actually 30% of production after start up - likely
In any case sloppy (ADX mgmt) as usual
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dDon't understand their math on increased productionIf 100 bpd =...
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