i suppose it is a good idea to read the reports. there seem to have been a few for ayo today. anyway, from the reports, i quote the following
After 3D seismic was acquired over the field, and additional wells were drilled, a re-determination of Original Gas In Place was conducted. The clearer nature of the amplitudes resulted in a lower assessment of the volumes in Gocerler. etc
At Gocerler, coinciding with the much the cooler weather conditions in recent weeks, Amity has observed declining condensate separation efficiency. This has been brought about by declining reservoir pressure at a greater rate than predicted from the geological data alone.
The production data is erratic and difficult to interpret, and as a result, significant uncertainty still exists in the range of Original Gas In Place volumes. The configuration of the plant requires a sufficient pressure differential between the reservoir and pipeline outlet pressure to adequately extract the condensate.
AYO Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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