perhaps the holders might help correct some ?misunderstanding on my behalf?
AOK added 100boepd of new production month on month. this comprised 113boepd net (30day average according to the release) to AOK from a new horizontal well and three new vertical wells that have typically come on at 40-50boepd (after initial production of 80boepd). therefore 120-150boepd of new net production.
so for the month there was circa 200 (allowing for the fact the wells were not all brought on at the start of the month) up 260boepd of new production net to AOK brought on vs an inc month-on-month of 100boepd.
thus 10-15% month on month decline?
AOK Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
