Production Outlook for 2008 to Average 6,600 bbl/d Equivalent for Revus
Production for the first quarter of 2008 is expected to average 6,000 boepd. This includes 22.2 per cent of Murchison and 29.0 per cent of the Broom field. It is expected that the Broom infill well currently drilling will start production around April 1. Total production outlook for the year is estimated to average at about 6,600 boepd.
Revus commented in a statement that "it is the ambition of Revus to increase its production base in order to create a better balanced cash flow situation. The company will continuously evaluate the optimum route to achieve this in light of both the financial market and the market for asset trades and M&A. As such we will consider development of discoveries to production as well as both the possibility of acquiring and selling asset."