Interesting. If logging is in progress we are going to get an anouncement tomorrow or thursday. Its a 24/7 operation so its not going to take long. Its normally pretty quick but may extend due to JV comms policy.
Good to see NSA production up, but still no where near our forecasts (not even 300bopd, which I would view as conserative). I've resigned myself to the fact that this is going to take longer than I expected. Costs for the field are down, but still above my forecasts (~$25, long-term rate). I only see this increasing with the next steaming cycle.
My disappointment continues with PV and Paloma. Still no update, even a plan. i.e is it an EIS/EIA they need to submit, whats the hold-up? (PV)
What do you think team?
This may come as a surprise to some - at the same time I havent made a secret about it - but the bread and butter stuff is what I want NEN to get right. And this is my personal priority. The north American team has disappointed me.
Other notes: * Glau looks like the only thing that is on track - positive there * Indo looks like some potential delay to early next year - no biggie, but just another delay
NEN Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held