Production in 2025, page-6

So, lets go to facts and data:-
Current forecast production mid point = 92 mmboe
Add wheatstone of 10.2 mmboe in 2018 = 102.2
Add Enfield of 8.76 mmboe in 2020 = 111 mmboe (rounded)

Assume Scarborough backfills NWS, so no change to the base of 92 mmboe
Senegal cannot be included as too early and we have no idea of production volume and when. (Until FID - you can never include options in forecast production)
Myanmar cannot be included as too early and we have no idea of production volume and when.
Assume Browse is dead with FLNG. (WPL cannot seem to make it work - so exclude it)
Assume Sunrise is dead as Timor Leste would prefer 100% of nothing rather than 50% of something.

So, we have 111 mmboe in 2020, but that is all that w can "bank" on. Anything more is pure speculation.

Thoughts?

HT1

BTW, IMO, STO and ORG have stretched balance sheets with one gem in each and the rest of the portfolios are gravel.

HT1