GREY:LSTMF - Post by User
Post by
JohnDDon Oct 06, 2013 11:37pm
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Post# 21795352
Production Forecast
Production ForecastHow about this for a forecast. If we assume production increases by 1kboed each month, starting from 44k boed in June and finishing the year at 49k boed in December. This results in an average Q3 production of 45k boed and average Q4 production of 48k boed. That in turn results in an average of 46.5k boed for the second half of the year. This results in an average annual production rate of 47k boed for 2013. Right in the middle of guidance for the year of 46-48k boed. Not a whole lot of science went into that other than increasing production by 1k boed each month and see how the numbers shake out. We shall see.