I total agree with your analysis Pleb. Short term i hope that...

I total agree with your analysis Pleb. Short term i hope that the production rates can stabilize above the 10000 bod mark, otherwise our optimum production rate for the field was very brief. Galoc has produced 1.3m barrels in three months or so, and the reserve is 15m recoverable (correct me if i am wrong) and so we may in for accelerated decline because of the nature of the field and its size. This can be good and bad. Bad short term because of cash flow. Bad Long term because extraction cost per barrel will increase. Good because the field will not empty quick in a falling oil price, and so some of the oil will be sold in the next upswing.