TSXV:CEN.H - Post by User
Post by
naga00on Aug 15, 2011 5:55pm
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Post# 18944720
2nd q is out- no surprises- earned .11
2nd q is out- no surprises- earned .11There production dropped a hair! Back to profits! the key here is the future not the past - end of the 2nd they had around 9,500 bopd- now of course if we add the 7100 bopd we have around 16,600 with three more wells to be tied in within the next 2 weeks- I assume our number now approaches 20,000 bopd on restricted choke with 8 more wells to drill during 011.
just called the company and talked with matt leterza- the songkla H was tested @ 1000 bopd and is current shut in and is not included in the 7100 bopd, but he believes that this well will flow at 3000 bopd when connected- also believes that the 3 wells that are to be connected within weeks will produce another 3000 bopd~ they are all at 2/3 choke. With the additional 8 wells to be drilled they seem happy with the 30,000 bopd exit rate for 2011.
No conference call for the 2nd Q and will be attending additional conferences during the end of 2011!
Very confident call!