A couple of points...
1. They are now making a practice of calling Eremia/Hovea , just Hovea Oilfield . They have recognised new oil in E-6 which is to increase reserves all round . E-7 will be drilling next to quantify the increase in reserves and increase production even significantly ...... presto .... we aint going to get to a stage of having decline in the works !
2. There are existing gas contracts which will be coming up for renewal mid year [trident or someone] These will attract higher rates . Gas production could be a really bigger part of operations by mid year . So much spare capacity in ARQ plants . We need to see what D-36,37 and Barrah Springs Deep well end up achieving .
dyor
did arq make a good announcement, page-5
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