Most production comes from Morne Diablo and as they have been turning off producing wells and making them into sea-water injection points for the water flood expansion obviously production will suffer in the short term.
South Quarry wells are taking 60 days to drill so hopefully a second one has been completed and we will get two further wells completed and producing this year. 4 wells producing 70 BOPD each should see us reaching the 1,000 BOPD target with the water flood making a significant difference once it is completed.
I think this has been done to death. Nobody knows and it would be purely sperculation. It could be a big order going through or it could be someone trying to grind the SP down to get their entry depending or maybe even options being transferred.
The simple fact is nobody knows, and the SP will likely continue to drift until news is released. After my prediction of ops update yesterday flopped, I am going to suggest no meaningful RNS until September now. It looks like RSR is only releasing the absolute necessities at the moment.
Looking back over recent RNS's the only thing we have released is things pointing to CTR, the IOP loan RNS and a load of corperate carp. Hope we actually get the news wagon rolling as it seems to have ground to a distinct halt.
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