MAY 3.57% 2.7¢ melbana energy limited

Ann: Cuba, Block 9 PSC Update on Alameda 2 appraisal well, page-557

  1. 7,284 Posts.
    lightbulb Created with Sketch. 863
    Think we all need to appreciate the difference in producing for evaluation-appraisal purposes... Yes we can sell it.
    And the ramifications of declaring the field (more than one well) commercial. then going to Fid and building infrastructure.
    Once declared commercial this will start the clock running on the production lease.
    So... Big difference between production during an appraisal program and declaring the field commercial.. Hence Cosmo states commercial production. And why ap says...put on (non commercial) production .
    Ask ap..hell tell you the same thing... In fact it's in one of the Webinars.... Very happy to be proved wrong of course.
    Cheers all tc
 
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