Just another thought about that latest announcement by NZOG.
Obviously if they passed 12 million barrels from TUI by/on Monday 5th May AND the last million barrels was produced in 22 days .......THEN - if they can maintain that production performance for another 22 days (say by Tuesday 27th May ) - then they would have another million barrels so that would total 13 million barrels with still over a month to go before the end of June and the end of the financial year.
Remember that early this year they increased their estimated tally for the end of June to 13 million barrels. Clearly, unless something dramatic stops them, they will reach that before the end of May.
The potential to get over 14 million barrels before the end of June is there.
Are they pumping it along to test the reservoir at the moment? Or are they pumping to make the most of the high oil prices at the moment ? Or have they just got everything running very sweetly at the moment ?
Whatever the reason - when that news of the production figure leaks out even the "uninformed" could be impressed.
NZO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
