re: Ann: Presentation - Introducing the Coppe... Hi Guys,Lets...

re: Ann: Presentation - Introducing the Coppe... Hi Guys,

Lets not get ahead of ourselves with the production from the Blessing No1. The 100 bopd was during a test, not a production run which will most likely have an IP of 50-60bopd with a fairly normal production decline curve of 30-40%pa. The fine print on the back of the presso says gross oil production of 37,440 bbls over the next 15 years. So more likely to give up approx US$750k net in first year and this will run down faster than the prodn curve unless they can capture any bhp oil.

Still a good strategic purchase.

Cheers