RE:funny but uneducated...LOL It does look like a decline. As a former monthly dividend chaser at Pengrowth, they were huge and I trusted management but I admit, I am not educated in the field level operations of a working field.
So once again, I appreciate any light you or another (knowledgable please) person may be able to shed light upon how these depletion rates are, or can be, mitigated by future producing wells.
So.. if we're seeing 250-260 - down from 310 bopd, from the Bauer field, what well(s) is/are producing this? and cannot this number be augmented by suspended wells brought online.
E.G. Bauer 24 and 25 and Hanson 3 are capped for future production. I remember you mentioning the pipe(ing) (field connections?) being near or at capacity WRT flow rates, coupled with low oil price as being reasons to suspend those wells - hence, future producers .. correct me if Im way off here ..
So as production levels decline, would not these suspended wells be brought online?
I appreciate your insight.