RE:RE:RE:RE:RE:RE:well decline rates"Not sure what you guys are going on about. "
not much, we were only speculating on the difference some of us seems to have over the month on production based on new wells, and the average prod disclose... I do agree with you that only the "old wells" will or have start decline, for example, if you look at the corporate presentation, you can clearly see that LM2ST as start a slow decline. My opinion looking at the chart is that LM3 just start a slow decline too (we can see it better on Parex presentation since it goes until July).
My number is probably too high as the assumption i made was that all the difference is due to decline rate which is surely not the case... like i wrote, i only wanted to estimates the worst case scenario decline rate to explain difference i had, and even in the Worst case scenario those are not alarming declining rates. But i do agree with you, the LM field seems to have real low decline and almost non for the first Yr of each well..
anyway, pure speculation, we'll wait and see ;)
white