The more I think about itThe more I think about it, the more I realize that this news was likel already baked into our price of 2.70-2.80.
When they released the Stella delay, we all knew that production averages for 2014 would be lower. The other thing we all likely knew, was that 2014 production would be somewhere around 12,000 boe/d excluding Stella
Everry time I did a quick production exit rate for 2014, I used 12,000 boe/d from existing assets, and a conservative 16,000 boe/d for Stella. That equals an exit rate of 28,000 boe/d just 11 short months from now. Maybe way more, if Stella comes in higher
GLTA