Game of chess being played13 Aug 2020 08:20
From BPC rns
The Company is targeting achieving a stable production level of approximately 500 bopd per day (net) by end 2020, building to 2,500 bopd (net) by the end of 2021, both of which targets the Company considers can be achieved through a combination of maintaining and then increasing production through (i) increased data integrity, (ii) automation, (iii) overall increased field activity - returning to the levels last seen in 2018, (iv) selective new wells, (v) enhanced oil recovery (EOR) programmes, and (vi) other growth initiatives including production from appraisal of the existing Saffron discovery and extended well tests ("EWT") in Suriname. In the longer term, the Company considers that the assets in Trinidad and Tobago and Suriname provide a bridge to future production from the Company's project in The Bahamas (assuming a successful exploration outcome).