RE: Interim Results...18 Apr 2024 22:31
Fyi I emailed EOG regarding the apparent discrepancy between the 530bpd av. for Nov/Dec/Jan and the NSTA data which averages 502bpd for the same period. Here is the reply.
"Production from 1st November 2023 through to end January 2024 averaged 530 bopd, and coincidently, production from 1st January 2024 through to end March 2024 also averaged 530 bopd - i.e. average well production has been relatively steady over both these periods. On the back of your message, we have now contacted the Operator to query the NSTA reported figures as we believe the production reported via NSTA for December 2023 is erroneous, thank you for bringing that to our attention."
If NSTA's December number is incorrect, it would have to increase from 439 bpd to 520 bpd to reconcile to EOG's stated 530bpd average. In this case, the new NSTA data would be Nov. 458 bpd, Dec 520 bpd, Jan 609 bpd - but that has yet to be confirmed.