RE:production #Yep, the sp fall is not aligned with current prodn and the Brent price. Same risks still apply. Even if disruption incidents have lessened it only takes one bad one...hope is the trust money will prevail. The water erosion and its final capex are relevant but I bought more with the drop although it slightly increases my average cost. CEPSA might have more to offer than the NR reveals and its deeper zones cud be a nice, near-term surprise (it's about an 80 day payback on the gross sales they currently get.)