RE:RE:Published numbers don't lieHere's the thing Oilsupporter. No one mentioned the $53 per barrel contract required from the lender.
Now people are aware, or should be.
What you need to do... is to find out what the decline factor is for each injection pattern. Why do you think they require 20 or so more wells drilled next year ?
For months, people were suggesting 1400 bopd... even though that was total field production. Atomic owned 57%... so only 800 bopd.
In fact, early last year, the field produced about 1400 bopd. After injection, peak field production increased to 1900 bopd... by October back down to 1400 bopd. How long can increased pressure be maintained without a decrease in oil volume ?
Check out Cuda Oil and Gas. Their 2020 quarterlies will show exactly how the field performed.