""Under the facility the Group has sold forward approximately 250 thousand barrels of crude oil indexed to the price of West Texas Intermediate (WTI). The forward-sold barrels represents a conservative 15% of forecast sales from the reactivated wells and the first 15 new wells at Goudron over the 30 month duration of the agreement."
I remember there being some outcry when this RNS was released as a simple calculation shows that "forecast sales from the reactivated wells and the first 15 new wells at Goudron over the 30 month duration of the agreement" equates to a daily production rate of only 1850bopd.
Did anyone ever query this with NR as it seems to fall well short of expectations?
We need an update from NR on the average daily production rate for the first half of 2015 in addition to flow rates of the new wells. Flow rates taken in isolation can be misleading.
That was two years ago ffs, what a long memory you have , I do admit to liking your resolve and I have yet to work out who makes the most money. Lets be honest as that's all that we are here for . I guess its me with the long term approach but who knows
I do like your style but if you own so many properties and and have been such a successful businessman, why are you relying on the SP of LGO doing well before you can afford a new motorbike and allowing your partner to retire?
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