Jacky reserves?? opinionsAs of 12/31/2009 Jacky had net 1p reserves of 1.37 million (or around 3805 bopd for 360 days. From news release dated 2/1/2010:
"The Jacky field was brought on line in April 2009 and has performed well above expectation. Previous assessed Proved reserves (December 31 2008 adjusted
for Dyas transaction) for Jacky before first production were 0.68 mmboe net.
Ithaca net production for 2009 was 0.97 mmboe; the latest assessment confirms
1.37 mmboe of remaining Proved reserves net to Ithaca."
Jacky net production might not be all of 1p but is darn close I am guessing around 1.25 mmboe for 2010. Not sure what the decline rates are currently but they were forcast to be over 60% by now. One would think they would give 1p reserves a little boost, and then add in reserves J3 will bring and you get more sustained cash flow, add to that strong Brent prices should make IAE run alittle early and then trend higher for the rest of year into Athena first production.