RE: SP6 Aug 2019 12:42
ok, i admit i have disposed of 25% of my holding at 8.4p. still holding a decent amount, however this statement is beginning to worry me more and more...
"Production resumed on 11 July and since testing began the Well has produced at an average rate of approximately 360 boepd (295 bopd plus 390 Mcf/d) on varying choke sizes, with an average water cut of 25%, considered to be mainly returned drilling fluid."
"Average rate",,so thats a average daily rate...
the flow could have been 1000 at the start on the 11th and dwindled down to 150 when the rns was released...(just an example not done the maths)...could be still dwindling and could end up with similar rates to Norio.
Has mentioned earlier know very little about o&g...but PH record so far suggests to me this could be a possibility?.