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AutoGuidance for Beibu is a range from 1000 to 2000 BOPD over...

  1. danpech
    3,462 Posts.
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    27/02/13
    12:46
    Post #: 11473224
    Auto

    Guidance for Beibu is a range from 1000 to 2000 BOPD over the full year. Production commencing at the end of Q1 and ramping up through to Q4 will cause the annualised production rate being much less than the daily rate at full production from the project . Taking into account natural decline from Roc's other fields then the full year guidance seems about right IMO. In addition, any production from the EPT for the Balai cluster will almost certainly not be included .

    Having said that I will be disappointed if if Roc doesn't exit 2013 with daily production approaching 8000 BOPD.

    Interesting that the 3 well Beibu drilling only increased Roc's proved reserve by 0.7 million barrels...I was hoping for a fair bit more.

    cheers

    Dan
    ROC Price at posting: 58.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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