The announcement mentions that even though they are at full production capacity they will flow from MR9 on an intermittent basis when capacity is available.
What this does is provides stability of flow rate to the field (and stability of cash flow) and extends field life. Both very important factors for all parties involved.
We still have Manaia to go as well which provides us with further potential upside.
Maari, Oyong Gas, WA-389P farmout and Artemis makes me sleep very easy at night even though I am sitting on some very good paper profits. Patience will be rewarded here still I believe as $194m market cap is still undervalued on all of these projects IMHO.
My option only of course. As always DYOR.
CUE Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held
