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Me Too not sure but did make money above " production costs " so...

  1. 141 Posts.
    Me Too not sure but did make money above " production costs " so as of now it is commercial.
    They may decide to go to 400 or so as recommended.
    Would not see it ATM as they will not open up until Atzam 5 is " commercial" as they want an initial flow rate
    of 500 BOPD at a minimum ( C18 ATM not flowing at that level , so will look at C17-C13 until this is achieved ).

    The reason is obvious as to the SP. Atzam 5 not completed!

    600 BOPD is conservative within 6 months IMO.
    600 BOPD is circa $8 million PA at circa $35 net and the production costs ?
    No where in cooee as the BOPD have blown that consideration away!

    Cheers
 
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