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I’m expecting a jump in monthly production during August of around 20% or more compared to the previous month…
I think there’s also basis to assume production is over 1750 bopd currently but we’ll wait for confirmation from the company :)
“So no injection was not to mg at a base rate the whole time, unless you think restarting means continuing?”
Injection wasn’t stopped during July when the GGS was being installed as the data shows this…unless it was stopped in August but there is nothing to suggest this until the next data release…
July RNS -
“The Company's Reservoir Engineer and its specialist reservoir engineering firm are developing a revised miscible injection strategy for commencement late in the third quarter following the upgrades to BFSU gas gathering system and production facilities. The Company reduced miscible injection volumes and miscible concentration in March 2022 to manage the field's operating pressures at certain facilities and well sites. Oil production from the BFSU is a function of injection volumes. It is the Company's intention to resume injection volumes to a level to return to its previous oil production peak in late 2021/early 2022 before injection volume reduction.”
Oil production is definitely much higher at present as injection was never stopped just held at a base rate…
Increased injection starting this month which will propel production much higher…
Market will be get a surprise when figures are released me thinks… not long to go now :)
COPL have the below…
“COPL currently estimates the total reservoir volume of the discovery to be 1.5 billion to 1.9 billion Bbl. of Oil in Place ("OIP"), of which 1.275 billion to 1.64 billion Bbl. of OIP underlays COPL lands”
This has been revised up but details unknown, probably until JV talks concluded…
“If the POO was $200 it matter not a jot”
Crude at $200 would be amazing lol…
Using 1500 bopd as the base figure that would be $9m per month and $108m in yearly revenues to COPL…
Some people say some strange things lol