next for Beach?next we should get a planfor second hald capex from them.
first half has a big chunk aimed and spent on pel91 and pel106... with excellent results so maybe the second half will again be money spent on pel91 and pel106!
I have not seen where Bauer 24 and 25 are flowing... perhaps I missed it, I will look back, if anyone knows... please let me know..
Beach says Bauer 23 just put online @2000 bopd... so that, the Hanson 2 and 3 and Stusail 2... etc... have in effect masked the decline at Bauer.... no problem, of course Bauer is in decline but it will not stop producing, it will be a long life producer. What we hope is Beach can find new oil fields to add to over all production from pel91.... so far they are finding oil... not enough to replace Bauer decline because Beach took a year off drilling when oil collapsed... now they drill ahead, they also add through put at Bauer and Middleton... now they find oil on pel91, like going 3 for 3 in their Q1... now they got 2 more Namur drills coming... and 3 more on pel106 drilling for gas... then we wait for the second half capex plans to see what is coming after this qtr.
so we got new production yet to come on, we got 6 more wells to look for in Q2... we got the additional favility upgrades at Bauer and Middleton to add production... that is first half for beach ending in 3 months.... Then we wait to see the plans for the second half of this year.... with all the excellent results from pel91 wouldn't you expect the next half to again taget oil at pel91? I hope so.