RE: RE: RE: New Research Rpt sees 25,000 bpd in on Total pipeline capacity after expansion will be over 55,000 bpd.
The central processing capacity should reach 35,000 bpd very soon.
These are very large expansions relative to current levels and not only reflects the substantial potential of the eastern discovery by UMU-9 and which will probably be confirmed and expanded by UMU-10 and UMU-11.
Horizontal wells alone can boost production by a factor of 3.
Then there are all of those multiple zones in each well that provide for future sustained production at very cheap costs from current wells.
25,000 bpd provides for cash flows approaching $2 per share.
These are very strong fundamentals and suggest a share price north of $6.