Hi allIt appears that our worst scenario is starting to occur,...

Hi all

It appears that our worst scenario is starting to occur, much higher water cut than expected, lower oil production; return on capital expended now extended way into the future.

All we can hope is that the water handling equipment is up to the job. I have a concern that they might have to start re-injecting the water due to DOIR requirements. That leads to another concern that AED doesn’t have an injection well. Bugger.

Our only hope is that the oil price is a lot higher then when the project was sanctioned.

Unfortunatly it now too late to sell as the best prices where 2 or 3 weeks ago.

Cheers

PC43