RE:TPL oil and gas productionThe abbreviation of barrels of oil per day (BOPD)
Barrels of oil equivalent per day (BOE/D) is a term that is used often in conjunction with the production or distribution of oil. One barrel of oil is generally deemed to have the same amount of energy content as 6,000 cubic feet of natural gas.
That being said,
712 BOPD at last price (50.85$USD) = 36,205$USD of oil production per day
2106 BOE/d at last price (3.19$USD) = 6,718$USD of natural gas per day
For the additionnal wells, that's an assumption as we don't know how much extraction one well can produce each day.
However we can deduct by looking at the number of wells already in production. As per the TPL website, I assume there is 15 to 20 wells of natural gas in production
''Since Phase 1 commenced production, the Company has been very successful in exploring for new gas in the Akkulka area and has tested commercial gas from 15 of 20 wells.''
I cannot find any infos on how much oil wells are producing right now but I assume there's at least one well per location. (very conservative, might have much more)
- Kazakhstan
- Tajikistan
- Georgia
So adding 12 wells or more could double up the production of TPL
IMO
be3ros2000 wrote: Can anyone shed some light on what are the economics for TPL. As per their last quarter ended in Sept 2016, they were producing 712 BOPD of oil and 2106 BOE/d of gas. Can someone with some knowledge of this industry could explain what it means with current prices? Also, what could be the impact of 8-12 additionnal wells? I guess their 2016 production fell by a lot because of oil/gas prices, so future might be brighter since Olisol seems also out of the picture.