OTCPK:WSRLF - Post by User
Comment by
treckeron Jul 03, 2012 8:00pm
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Post# 20079420
RE: RE: RE: House Positions ...includes alpha etc
RE: RE: RE: House Positions ...includes alpha etc I am aware that production is restricted to 5000b/d due to gas flaring. The well has been shut in for sake of argument and easy calculation for 30 days. Lost production would be 150000 bbls. Will WZR be allowed by the KRG to produce at lets say 7000 b/d for 75 days to make up for lost production during shut-in period. Once lost production is recovered they would then cut back to allowable levels. Makes up for lost revenue and no increase to flared gas volumes. Huge impact to the revenue stream for WZR