Carcetti Capital Corp V.CART.H

Potential Increase in Q4 / 21 Production

[nozzpack]

RK field production in 2016 was shut-in after Q1 because the blending contract was not renewed.
Other than extremely modest production, 2P reserves remain unchanged .....see my recent posts on this.
In my Q4 /21 production forecast, I have assumed the same RK production as Q3....93 BOEPD

However , Q1 production of 2016 of the RK field  increased to 431 boe/d as compared to 200 boe/d during the fourth quarter of 2015.

The RK field was shut in after Q1 of 2016.
 

So, production of the RK field in Q4 of 2021 could be double or more that of my forecast of 93 boepd.

Record high natural gas prices in Q4 would certainly be an incentive to produce more volumes of natural gas .
Regardless, Q4 will be a blow our Quarter even at constant production.