Post by
drunk@noon on Jan 22, 2024 8:06am
As expected lowball guidance that contradicts their website
corporate presentation. New well-assuming it came on 15th jan will contribute 4800 per day of incremental flush production for most of Q1---so given the increased size of the barge fleet, and the lower waiting time to off load---which means they can handle 25,000 per day given 60 day round trip rate. So why is q1 not going to be at lease 22,000 or more. Especaily given they claim unconstrained the field can do 23000 according to corporate presentations. Clearly they figure 20% increase from previous year sounds good enough and that's the figure they give. Understandable but not helpful.
Needless to say Perez can shut the operation any time he wants, and I'm not saying they will produce well over 20,000 a day until the dry season hits---but what they give us in guidance clearly contridicts the corporate presentations they continue to use on their website. If you are guiding for 17500 bodp use that figure on you corporate presentations they post on their website and use every time they present to investors.