2.3 times the ~1.4mmscfrd rate that was exhibited prior to workover, resulting in the post workover stabilised rate of 3.3mscfd. The stabilised rate was prior to this scale issue, which has affected metering of both gas and water...I don't think they can actually tell you what they are producing now - other than if Santos does a balancing exercise downstream. I would hope that management go to Santos with their tail between their legs and ask very nicely for a balancing payment, given that Vintage are paid by what is metered at the Vali point (currently reading low due to the scale) and not at the STO facilities. This has no doubt cost Vintage hundreds of thousands of dollars to date.
VEN Price at posting:
0.4¢ Sentiment: None Disclosure: Held
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