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Ann: Rising oil prices - Hedging Update, page-71

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Quest09

975 Posts.

137

05/10/23

16:43

Post #: 70193868
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Originally posted by Quest09: ↑

So the spud date of P10 was Sept 8, and less than a week later P11 spud date occurred, and less than a week after that P12 spud date occurred.

So if the workflow continues according to trend, then next week P11 could be producing, and a week after that P12 could be producing (as per below image).

Also, P6, P7, and P10 are producing "significantly above the typical production curve" (as shown in above announcement), meaning that a continuation of this trend could result in P11 and P12 also producing "significantly above the typical production curve".

In a best case scenario, we could be receiving more positive news about P11 and P12 within the next week or two, and in a best case scenario where all new wells exceed the typical production curve, we could end up exceeding the stated target of ~4,000 barrels per day just by completing these 3 new wells.

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Newbie,

Im posting facts, thoughts and ideas about a company which i hold shares in.

What are you doing here.? Do you own shares.? Why are you so focused on me.?

Post about the company, or move on with your life, son.

Last edited by Quest09: 05/10/23

CE1 Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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