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tui

4,837 Posts.

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21/02/18

16:13

Post #: 31228738
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Originally posted by rollacoaster ↑

Not sure what all the fuss is about these supposedly slow flow rates, go back and have a look at the original announcement that sanctioned the 30 wells, on that announcement is a graph of estimated flows as time passes on a p50 basis, if you draw a line up from say December 2017 it shows flows were expected to be around the flow rates announced in the Jan quarterly, dont forget the flow rates announced are averaged over the quarter so the actual flow at the end should be higher than at the start.

Management have repeatedly said WSG is performing in line or slighlty ahead of P50 estimates which agrees with the graph O am talking about that they put out before the wells were drilled, this shows me management had a great understanding before they drilled the first well.

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Rollercoaster,
Thanks. I also don't know what all the fuss is about.
I do always get a bit apprehensive before another report but if SXY follows on from their last quarterly ( which was excellent ) then I am hoping for further good news. This is a long term growth story as identified by most analysts.

SXY Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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