RE: Do ENQ Know What PR Stands For?31 May 2018 15:03
DD have you emailed Enq asking the question? Ian Wood may help with that.
The shit down in March lowered the reservoir pressure reducing the production rates, also the wells have been taken off line one after the other for inspection and maintenance, that was the cause of production rates to be lower than the start of the year. The reservoir pressure is now being raised and all wells back on line will see production raised further than the start of the year, warmer conditions also help as now not fighting the harsh temperatures ! Main aim is to reduce the debt as forecast and exorcise the Magnus option ! We have until the beginning of January 19 to complete!
34p is cheap plenty in the tank come the end of the year !