RE:RE:RE:well decline rates
yeah, i a lot of poeple were wondering how the addition of LM11 didn't boost more production numbers. I'm not sure if it's the mgmt that gaves pessimist estimates, to be sure to always deliver (like their YR average of 5 k) or if it is indeed a problem of decline wells.
Like you said, the graph seems really stable from the first LM and seems to be holding, but they haven't made any updates of that graph since then and i'm wondering why the prod level doesn't seems to add up righ... I too wish they'd give more information about the decline rates. I did make some DD about it trying to come up with number that would explain the month production over the year, but since at this point it's pure speculation...
maybe they'll update their graph in the next presentation...
white