Ann: Preliminary Final Report , page-2

In a recent post I "speculated " that if the partners were to drill only sandstone wells for the next year or so of the quality of the "45" WBext S prospects(including these wells as the core of the drilling,of course ) our production should go from 600 bopd to 800 if ALRO allows us to restart the shut-in production,then on to over 3000 bopd,plus, from the new drills.

I specifically excluded any gains from "workovers" of existing Horizontal volcanic wells for the installation of ICDs-a hard-to-quantify extra until we see how intensive and successsful that workover programme will be but still with a feel that ECO are putting the pressure on in this key area .
A possible , more speculative figure could have been well clear of 3500 bopd.
Nice to see CVN talking of 3000 bopd BY THE END OF THE CALENDAR YEAR,from a disiplined approach.
The 3 Thai licences in the partnership probably represent 80% of CVNs assets.
If these 3 licences can start to regain their former cash cow status,and Phoenix show decent OIL potential from sandstone layers in home waters, then CVN may find itself in a position to pull oil out of Phoenix way ahead of any gas and without being reliant on others.
While Phoenix is just a gas prospect CVN is a tiddler swimming with the barramundi in the gas world(no disrespect to WPL intended).
Im rapt in the twin,parralel,prospects of oil from sandstones in 2 countries.Also the chance that Phoenix would be substantially derisked by oil discoveries/production and and the likely start-up date for positive cash flow enhanced hugely in all probability.