RE: Lies, damn lies and hickstistics28 Nov 2017 09:29
OK, Here we go :-
October Stats.....
Monthly production for month of October (in bopd) in :-
2012......... 180
2013.........1,471
2014.........1,886
2015.........1,604
2016.........1,280
2017.........1,012
This is a drop of 20.94% on last year.
Production decline seems to have slowed.
In the last 4 months is has held at just over 1,000 bopd.... Are we about to turn the corner???
Now the MAT figures.
Annual Production for the period from :--
01.11.2013 to 31.10.2014..... 665.970
01.11.2014 to 31.10.2015..... 695,190
01.11.2015 to 31.10.2016..... 505,921
01.11.2016 to 31.10.2017..... 418,137
This is a drop of 17.35% on last year.
This 17% drop has now held for the last 5 months.... Again , it begs the question, are we at the bottom??
It IS beginning to look as though we are....
Recent comments about the steady rise of the POO are good.
This can only help.
How much is clouded by incomplete data on just how much we have hedged (gotta love Rick, don't you?)
In all, I am more positive..... (but only just!!!!!)