yes forget citi report, concentrate instead on the facts. I suggest that senex are confidently targeting 2,000 bopd going foward from Mustang after 10 days test data. But I do wonder if as serendip' says "They say Citi report full of big fundamental errors, including on reserves and cash holding" ..then what about the less obvious errors it may also contain. Like say in assessing Mustang-1 reserves and future production figures, how much weighting did their analyst give to the diameter of the choke, 18/64" or 9/32", which still somehow allowed 800 bpd to squeeze through for 10 days during prod' testing while the well pressure remained constant. That is a tick over 1/4" hardly an optimum bore for thick crude flow but no doubt necessary for the production test out west of Cooper Ck. where on site storage and trucking to Moomba is probably limited and hence choke-size limiting.
SXY Price at posting:
68.5¢ Sentiment: LT Buy Disclosure: Held
