Presentation well worth a read as Onceover says.
As well as the L20/50 info slide 15 has an average well performance chart which is VERY helpful. Basically this shows a fairly stable flush production rate for the first 130,000 bbl, then a steep decline, followed by a fairly stable plateau at 25% of the flush rate. Very helpful IMHO.
Also the info on Phoenix, which is starting to appeal to me greatly - I suspect shallow water and relatively close the plants in the Burrup more than compensates for the poorer reservoir the way technology and costs are moving.
All in all, a time for patience as we shed the stale holders, and get over past disappointment. Still a great story, looking for it's next leg up.
EL
Ann: Good Oil Conference Presentation 2010 , page-3
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