RE:RE:RE:Q3 productionbfw wrote:
Hannamuk wrote: Compared to Q2 2023
- Oil production of 22,097 bbls/d;
Math is tough ;)
As a precautionary measure, Valeura has opted to temporarily suspend production operations at the field, which had been producing approximately 2,400 bbls/d of oil at the time of the event, representing approximately 10% of Valeura's aggregate net production. The Company is undertaking a thorough review of safety and operating practices on the third-party operated FSO before restarting the production.
Declining production dispite the $30M drilling built up a while $5M mth cash. Horrible. Theye are supposed to be at 25K bbl day.
Hilarious to see SG praising rhis dismal performance.