RE: November Production3 Jan 2025 13:10
I recall Rdunc and Easy were closely monitoring the rates of new injections and following the rates of gas recovered.
Whilst the rate of new gasses reduced in Q4 the rates of recovery were nearly 100%. The amount of gasses flared reduced almost to zero.
We have to remember that before new GGS was successfully installed, some wells were producing say $250k of oil but needed to flare the equivalent value of excessive gas.
Un_known has a point insofar as to stiffel production was planned. Should COPL have ramped up production then they could of elected to give cash to Anavio instead of more bond conversions.
Ultimately COPL, with enough cash backing, could of invoked their right to buy back all of the Anavio bonds.
It suited certain parties to keep production low.