A disappointing month. I can think of nothing good to say about it.
Surprised by the high water cut. Maybe the new water disposal/ field enhancement will make a difference. Certainly needs to.
I was expecting much better results.
The oil price at $63 is very high. There that’s something good. Might not last very far into February. Can’t be bothered to try and work out how much profit they made in January. I don’t even know what $20 per barrel production costs even means for this company.
Saltbus
Ann: Onshore Indonesian Oil Operations Update - January 2020, page-3
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