RE: Inability to comprehend29 Jan 2025 13:44
Affrm,
The JV isn't generating any revenues, zero.
To get any wells back on line after being mothballed for 10 months isn't as simple as just turning on a tap.
They will need reworking etc and then oil production needs to be maintained, stored, transported etc etc, you are looking at several months for any incomes to be generated and then at 10% based on 20-40 bopd per well. Do the Real World maths, if you can;t be bothered take a look at NTOG who operate 5 wells in the region, total daily bopd from ALL 5 operating wells is 100 bopd ie 20 bopd per well.