“...F5 well producing at 10 bbl/d and 3.0 MMscf/d, limited by the gas compressor capacity. The wells are planned to be operated on this basis for the foreseeable future while well performance is monitored.”
Until the limitation is resolved and/or performance better optimised, it looks underwhelming.
Correct me if I’m wrong with these rough calcs but 3.0 MMscf/day is 3,111 MMBtu/day and, at the last price of US$3.3670 per MMBtu, we are looking at initial annual revenue from this F5 gas of ~US$3.8m shared between the parties.
Plus negligible F5 oil revenue of around USD$250K per annum shared.
Obviously, all subject to change if platform compressor capacity limitations are resolved.
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