SP deserves credit for the detailed report, albeit I would have...

SP deserves credit for the detailed report, albeit I would have thought a range would have been anticipated for uganda recoverable oil, rather than a simple report of 30mmbo.

RISK is obviously Chinguetti, with SP clearly indicating that there is likely to be one new well only before at least 2nd half of next year. That leaves a lot of time for more problems, and I didn't appreciate noting flows are down to 33kbopd so far this month. I hope he's correct that production is stabilising, though seems to me we may still be seeing some production decline. It'll be interesting to see how the papers report this, probably will only highlight the Ching numbers.

Nice to see HDR are pulling in good dollars per barrel even at the reduced flow and allowance (if I read correctly) for higher depreciation costs due to the Ching issues. Ching is still something of a cash cow at current oil prices, may it remain high, I don't mind paying at the pump!