Not sure an immediate CR is required but it will put plenty of pressure on cashflow for the foreseeable future unless E#2 can stabilise.
If it keeps declining it really puts BYE drilling strategy into question if the wells don’t pay for themselves they won’t get debt funding to drill going forward.
Next quarterly could look fairly ugly particularly if no improvement in G#1 or G#2 production.
Ann: SM71 F2 & F4 Operations Update and SM69 E2 Production Update, page-6
-
- There are more pages in this discussion • 143 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)