It is just the same explanation with more detail,doesnt explain what N/R actually said.I think he should do that. "some holding RNSs in the next week at least one of which would be over 3%,around about 4%" : 11.20 https://www.youtube.com/watch?v=n9ZU-njGFPA"
That is a very conservative figure given to the bank, and one that should be viewed with the current production to establish the actual against the predictable. As you say, that would be based on LGO doing gross 1888bopd per day, which would equate to 277bopd towards facility at 15% (rough figures). Remembering this is from the first 15 wells and legacy well only. I would imagine NR is basing this on his old prediction of 4,000bopd for Goudron at the start of the drilling campaign ( '' Production potential has been estimated to be in the range 1,000 to 4,000 bopd '' )
Now we already know that we are producing 2,000bopd from Goudron choked back, just taking in the further new seven wells and at a moderate and conservative 200bopd from each new well, would get us close to 3500bopd at Goudron alone. Hence the requirements now to expand our infrastructure to cope with production in excess of the current 2750bopd limit. If this was not the case, we would not require LACT or even the 5,000bopd extra sales tanks to be fitted.
The facility is guided by the 250k barrels and WTI price to get to a monthly cash repayment to BNPP, no oil is exchanged, it is a figure used to work out the amount to be paid back, which will fluctuate with the WTI.
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