Gdn,
I understand in principle how the cost recovery works. The easiest way to think is once the remaining $37m is recovered, we will be back to our working interest share of 26.95% (we have been enjoying c. 35% for quite a while now). In short, we'll lose around 1,000 bopd from c. Jun-19.
I'd expect the cost recovery to build back up and go through the same process with the WZ-12-8E development.
Gdn, I understand in principle how the cost recovery works. The...
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