We almost produced 2mbo at Bauna for Q3FY24. A strong effort considering the disruptions of Jul24 and early Sep24 circled in red.
I'd expect another 1mbo from Who Dat for a rate of 12mbopa.
The BOD/LLOG have mentioned infill drilling to sustain Who Dat output and the return of SPS-88 Well may sustain Bauna output for FY25.
Neon FID approved hopefully at end of FY25. Decisions on tapping WD East, South and West hopefully by then too. Those new Wells may well mitigate overall natural decline as we move to develop Neon.
Commodity prices dominate a producers market value. The USA (300m people) uses 20% of world oil supply. As the rest of the World gravitates to a more western lifestyle, the POO can only rise. The USA can only dance the Red Queen Syndrome for so long.
The downfall of most Empires begins with Inflation and then they gravitate more and more to War. False Flags are planted and the idiot box/MSM is used to neuro linguistically program the masses.
KAR Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
