GREY:CXEYF - Post by User
Post by
Resilienceon Aug 29, 2008 4:03pm
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Post# 15420670
Don't kid yourself - be realistic
Don't kid yourself - be realisticCouple of points/questions:
- Think Ezz. 17 only delivered about 100 Bopd for Cax. Read the NR: it says 1700 for the whole Ezz field not just Ezz 17. Q1 was 513 Bopd - 75 from Robanna = 438 from Ezz. It's now 535, only up a 100. This is why they LOWERED Ezz outlook
- If EBB3 was 1200 and EBB4 was supposed to be 1000, how come we end up at 2000? Prob the water problem. Anyway not good
- If you add the 800 Gas BOE/d on top of the 2000 it's fairly close to gross est. of 3000-3500 for ElBB, but still under estimates again
- But I agree, how the hell do they get to 4.7 mmCf (roughly 800 BOE/d) for Q4 with a 22 mmcf gross and 7mmcf into SEEB???
- Interestingly enough Q2 gave 3.7 Mmcf on average while Q3 is estimated to give 2.5 Mmcf? What's up with that?
- Where's the bloody 70 BOE/d condensate per mmcf from 22mcf per day (1440 Boe/d)? Don't they strip it?
- Where's the lift?!!
Granted I am not totally familiar with all specifics of oil & gas. So would appreciate some engagement here.
These guys are a bloody nightmare, haven't been right once. All smoke and mirrors. Weren't it for the assets, CF & the ridiculous low SP I would have been gone.
R.