I shouldn't take any notice of the SP movements. The market was pretty sour today and small oil companies were not in favour.
The proportion of gas to condensate reported is "wrong" compared to previous data reported for all of the wells, even Kennedy. The monthly production reports might be interpreted as revealing operations in December (the ratio dipped for both Bakers but reverted to about 75% in January). The same happened to Kunde 3. It's all guesswork. However, if the ratios do revert, there is considerable consistency between the two blocks and the two horizons. Baker 2 might end up being similar to Kowalik as it first flowed. That was about 30boepd / 100ft. If that is typical of a well drilled through a zone containing natural fractures, Weston might flow at 900boepd, which would be quite a reasonable result. But, we will have to wait and see.
ADI Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
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