Is Kenmore-29 targetting a new oil pool, or is it merely increasing the production rate at an existing well ?
If it's the former, then it's more valueable than the latter (although $20K a day of net free cash flow is nothing to sneeze at).
I dont know enough about Kenmore to answer this, although the fact it's the 29th well in the Kenmore field makes me think it's the latter ... I'd appreciate an answer from someone who knows Beach better than I do.
Ian Whitchurch
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