AYO unknown

going under $1, page-4

  1. 29,986 Posts.
    lightbulb Created with Sketch. 4
    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.

 
watchlist Created with Sketch. Add AYO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.