poe update, page-2

Thanks Mr K,

The last section will probably be an ann. out on CVN Monday. Unfortunately a little convoluted and complicated.

POE are saying third quarter nett 3,300 to 3,700 bopd, so this means for CVN nett 2,200 to 2460 bopd.

Field total output 5,500 to 6160 bopd.

It is down further than last quarter, bugger, but at least we have the reasons that pursuit of leads have stymied development programs.

A few complicated results, but the report from CVN does seem to give praise to the competence of POE and there is some shut in capacity awaiting regulatory approval.

The jump up to 60 cents is on reflection of the good year,
production costs are cheap and rolls of the dice aplenty.

...... and POO is good without being alarming.