Well I thought Surprise West was only to produce a max of 400 BOPD with pump (sub 300 without pump)... What report is saying is that CTP expect it "could" produce 20% more of up to 500 BOPD ... OK great especially when we are talking millions in revenue...
My understanding is that with the Total JV Cash commitment now deferred to 2015 (as per expanded stage 1 spend agreement)... Which was the immediate urgency for the cash received for converting the CTPO options ... We now have some wiggle room to build cash from production... Assuming Cottee is still pursuing a JV of Surprise field to fund wells after Surprise East.
CTP Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
