Production performance early in a project is critical not only to assessing cashflow, but also in identifying potential weakness in understanding the reservoir, and hence confidence in the reserves. Look no further than Chinquetti, BMG, Puffin and on the positive side Tui.
The SAE presentation several months back gave bad news, preferentially to presentees, and it was material, as it had a material negative impact on the sp.
I will only look at buying more SAE if I am comfortable with the production in the QR. I might also want to see better/fairer communication.
EL
SAE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
