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DewDiligence

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Re: dewophile post# 4137

Monday, 01/30/2012 9:21:48 AM

Monday, January 30, 2012 9:21:48 AM

Post# of 30553
The Norway assets sold to Statoil reduced output by 3K boe/d, and Libya generated about 2K boe/d to the 2011 average output while it was still producing in early 2011, so you have about 5K boe/d of delta between these two items (since the 370-390 guidance range for 2012 includes nothing for Libya). All told, I think 370-390 is a lowball range that HES expects to beat rather easily. Agreed?

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