GREY:STPJF - Post by User
Comment by
monzieon Aug 05, 2014 11:10am
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Post# 22809773
RE:RE:Oil is giving downward pressure
RE:RE:Oil is giving downward pressureI imagine 2P2 (or whichever the biggest non ICD producing well pair is - I think it was 2P2 but can't remember off hand) was shut in for an ICD installation, thus taking off about 400 -500 bbl/d of June's production. On top of that I assume that 2P5 is going to be slowly ramped up after the ICD installation after they learned their lesson on 2P1's steam issues, so an immediate double up in production was never in the cards.
And if this is the case then the production is what was expected, sure it looks bad on paper but a June or July exit rate of 2600 to 2700 would be a pretty nice improvement and surely ease the masses. But I agree we do need some sort of press release - at the very least to calm down those who are on the fence about throwing in the towel or not. Some should seriously give Lutes a dictionary and show him what the actual meaning of "enhancing shareholder value" is.