all good points F1 production has actually increased about 10% from start of 2023 to end of 2023.
the key question is why is OEL not promoting this to market - an outside observer looking in at a high level would see the entire field rapidly depleating but it should have production of ~800bopd for a number of years to come.
I expect BYE might turn its attention back to SM71 if the current well interventions do not improve performance from a number of their wells.
the reality remains that BYE have earnt around three times as much from their 50% WI in SM 71 on a $26m net investment than they have from a 100% WI in its $120m investment in SM58 ….
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all good points F1 production has actually increased about 10%...
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