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4300 current, decline 20% =860 beopd after one yearreplacement...

  1. retorn123
    1,579 Posts.
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    02/06/22
    11:04
    Post #: 61775059
    4300 current, decline 20% =860 beopd after one year
    replacement is 3 sparkys, cost about $10-15m

    target 6000, decline 20% = 1200 boepd after one year
    replacement is 4 sparkys, cost about $15m

    current capex about $35m adding about 2000 boepd over 20% annual decline
    CE1 Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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