IAE true to past form this was supposed to be the big turn around finally for iae to deliver on stella, this is becoming a joke imho. lets start with the valeant take over. this was from march 1/2013 nr on the take over of valeant and what it meant to iae. now jan15 a mere 9 months later projections are 11-13,000boe/d for pre stella production. this is a meaningful drop wtf?
- a more than doubling of Ithaca's current forecast 2013 production to 14-16kboe/d (90% oil), rising to approximately 27kboe/d in 2015; and now iae is claiming 16,000 boed including stella on start up,wtf,wtf.wtf??? no mention of what stella will produce after all competions, wtf???? this is an absolutely brutal nr in my books. they are expecting only 3-5,000 bod from stella wtf, they should get this from one well, again absolutely no explanation to their numbers, wtf????? i am out and will watch how this pans out for a while before re entry. cheers and gl ferret