GREY:NKRSF - Post by User
Comment by
gharibmon Mar 24, 2005 4:51pm
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Post# 8808372
RE: CF
RE: CFThank you for clarifying your motive for talking down the price. The point is CF trailing or forward does not include any production from D6 or NEC-25.
Let me just do a quick comparison between D6 production and ddv production which will grow enormousely this year to 11,000 boe/d. D6 will start producing at 1.4 Bcf/d and ramp up to 3.5 Bcf/d, niko's share will reach 350 mmcf/d or more than 58,000 boe/d.
NEC-25 also is multi Tcf play and is being fast tracked but since no firm date is available it is not included in the CF
Hazira 33% interest; natural gas ramping up rapidly and some wells have produced up to 6000 barrels of oil per day.
Feni is probably up to 40 mmcf/d now and they made 120 mmcf/d discovery on block 9. In the presentation it was mentioned that they are getting U$3.45 per mcf and that their operating costs are U$0.13 per mcf. I can't complain about that
Michael Rose has done a wonderful job growing ddv, he made me money both on bkp and ddv. The problem is the WCSB is mature and the discoveries are small and getting smaller and more expensive. NKO gives me the opportunity to participate in world class plays.