NZO 0.00% 45.0¢ new zealand oil & gas limited

tui total pre christmas

  1. 7,371 Posts.
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    Bit late posting this TUI production update but there will be no further updates at the moment till about the second week in January.

    So this gives us the picture of production up to 23rd December.
    ..........................................................
    Oil Production Performance to date for FY2010
    1 July 09 - 23 December 09: Approximately 2.6 million barrels.
    NZOG's share approximately 325,000 barrels.

    The current daily production target is around 14,000 barrels of oil.

    Tui production began on 30 July 2007. Total oil production to 23 December 2009 is approximately 25.95 million barrels. NZOG's share of total production is 3.25 million barrels.

    FY2008 - Oil Production 30/7/07 to 30/6/08: 14.23 mmbbls
    FY2009 - Oil Production 1/7/08 to 30/6/09: 9.12 mmbbls
    ...........................................................

    So we can probably assume that TUI will have produced about 2.7 mmbbls by December 31 (tomorrow)
    If it could maintain about that level through the remaining 6 months of the financial year then it would achieve the projected target of 5.1 million barrels for the financial year to June 30th
 
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