RE:RE:RE:Why The Recent Rise???Quote "after they bought the 2500 bod from summitomo production NEVER came close to what was expected"
Ferret, I guess you are talking about overall production but your specific reference to summitomo prompted me to take a look. According to decc figures for the first six months of 2015 summitomo assets (Pierce, Wytch Farm & 20% Cook) produced over 2,500 bod for four of the six months at a year to date average of 2,661 bod. Plus, there's another 280 boepd in the 20% of Cook gas.
This mornings Q3 numbers beat my expectations, which suggests Ythan went a long way to make up for the Cook maintainance loss, validating newfoil's estimate. Also nIce to see the debt coming down.
For 2016 I'd be happy with 13,000 boepd pre-Stella considering normal field declines and the likely termination of Athena.
Londoner7