this is a very good buying opportunity and i will explain...

this is a very good buying opportunity and i will explain why

assuming production of 6800 bopd - the impact is 3% on total production and about 1.5% on cahs flow.

so given spot is travelling at 25-30 dollars above expectations this is truly irrelevant, when this was announced in the presentation webcast the first thing I did was look at the production rates rleative to production. Its insignificance was further eveidenced by the fact none of the analyst questions were related to Enoch.

once again look at its production cotribution and look at the tax levied on prpfits and one realises a 3$ drop in the oil price would have a bigger impact