OT/The answer to the question I asked is not in the text of that CC....is it?
This is part of the text:
"Let’s look at the production and reserves that come along with the Jay transaction. The net production is approximately 2,500 barrels of oil per day equivalent, with a base decline of 9%. The production is 100% liquids, which is 90% oil and 10% NGLs, and we operate 100% of the field. These are fields in close proximity to the Gulf of Mexico. The production receives Louisiana Light Sweet crude oil pricing that currently is receiving a $20 premium over the price of WTI.
The proved reserves are 11.3 million barrels of oil equivalent that are 100% proved developed and 76% proved developed producing. Reserves were also 100% liquids with an 87% oil and a 13% NGL split. The acquisition has a proved reserve life of 12.4 years and the expected maintenance capital is approximately $11 million per year to keep production flat for five years."
Norris will spot something important....about proved reserves.
RLP will point out just where is says anything about the "sour" question that was asked before.
Yes sand being the hall monitor and norris being the moderator. You have to pass both of their's questioning. Nothing comes easy here. Everything is questioned and then scrutinized by both of them to make sure you pass the grade. Even though it says Lite sweet crude.