RE: RE: RE: RE: Production Rapid, I was quoting current production, not future with well optimization and such. Current production should be 1800-1900 based on:
LM3 = 1000 boed net
Balay =approx 350-400 boed net
LM2= 500 boed net
It is quite possible they can ramp this up with no futher discoveries well into the 2k range depending on well performance and water handling requirements. The company already indicated LM2 could be upped from the current 1k per day to 1500-2k per day possible (PTA 50%). Any additional discoveries would be in addition.
Exit rate this year should be interesting.
I caution you on your price forecast. I appreciate your optimism, but PTA will not increase that substantially without significant changes to the macro environment and a reversal towards the pessimism in the junior market. Most juniors are trading at discounts to NAV..PTA would have to increase their NAV by a factor of 6 by year end to hit your price forecast, assuming the same discounts to NAV that apply today. These discounts will reverse eventually, but it could take a while.