apoel, its not difficult mate.Nothing has changed from the Flow...

apoel, its not difficult mate.

Nothing has changed from the Flow update announcement to the Quarterly apart from how they worded the reduced number.

Example:

Flow Update Announcement - Reduced to 250 barrels of oil per day -

Quarterly - Reduced to 300 barrels of liquids per day

It is obvious here, that the 300 barrels of liquids mentioned in quarterly is made up of 250 barrels of oil plus 50 barrels of water.

If you calculate the percentage of oil vs water in this calculation, you get 80% oil and 20% water.

Now if we go to the original Allen Dome discovery announcement, you will see that they first announced 408 barrels of liquids. If you apply an 80% and 20% oil/water ratio to this, you will get a number close to 331 barrels.

So now, we can mathematically confirm, via 2 calculations (the initial discovery and the reduced oil number) that the current oil/water ratio is 80% oil and 20% water.

Hence, the 300 barrels of liquids quoted in todays quarterly, is exactly the same as the 250 bopd quoted in the Flow Update Announcement.