RE: loss25 Aug 2019 09:35
No plans to increase rate of production hey Kafka?? LOL
"the initial development drilling may result in peak oil production rates of 8,000 to 12,000 barrels of oil per day. Currently, the field is producing around 3,150 bopd."
"full development drilling might increase production to 20,000 barrels of oil per day and 100 million standard cubic feet per day of gas."
I see nothing to suggest these fields are underperforming in fact the opposite. The next 6 months are looking pretty positive imo or am I not allowed to say that incase I'm accused of ramping lol.
"The updated CPR report in 2019 provided an accurate and in-depth analysis of the Aje Field asset, with an increase in the level of reserves highlighting the future potential of the Aje Field."
"The Aje partners have renewed the production licence for a further twenty years and the Company expects to see further development drilling in 2020. Modelling work to assess the best and most profitable development scenarios are ongoing, including the formation of plans to develop the hydrocarbon reserves in both the Turonian and Cenomanian for the highest return on investment. "