A lot of people seem concerned about WSG production rates and their apparent under performance.
Below is a graph provided in an announcement on 21/2/2017 as part of the sanctioning of WSG. Management advised in the Half Yearly and the associated conference call that production averaged 2Tj a day (with a few wells off line) over the December Qtr, the graph shows what the production at the end of December should have been (around 2.5Tj), given production rises over time, an average of 2Tj would be expected for the October-December Qtr.
Management have repeatedly advised that WSG is performing slightly ahead of the original p50 estimate.
The recent Mimas appraisal well indicated that the next lot of ground to be developed is very similar to the current producing Glenora and Eos wells reducing the risk of the next phase of wells significantly.
SXY Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held