OTCPK:MAUXF - Post by User
Comment by
mat_hogon Mar 02, 2012 8:12am
598 Views
Post# 19616130
RE: RE:RE: RE:Bobby
RE: RE:RE: RE:Bobby From the last PR : " The central processing facility is capable of further future expansion, if required. In light of the UMU-9 discovery, an additional expansion of the permanent central production facility is being considered."
35k boepd and give them 7 days down a month should run 35k*23days*12months=9.66 million bbls*
60% for net oil to MMT= 5.796 million bbls net a year. Reserves would run out real quick, so how much bigger do they think reserves are to be considering expanding to 50k boepd. They would pump 8.28 million bbls net a year. I am thinking if they are successful on UMU10 with lower sands by 2013 I am betting the reserves picture will look much bigger unfortunately for me I am not smart enough to figure volume of oil. GLTA