OTE 0.00% 0.3¢ otis energy limited

Ann: Stagecoach Prospect Update , page-5

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  1. 209 Posts.
    The first well drilled at the Sombrero Project (WC 35 State # 1 well) was placed on production
    on July 21st and produced at rates of between 5 to 15 BOPD from the San Andres formation at
    approximately 4,520 feet (1,377 metres).
    The well will be checked for sand fill this
    coming week for an explanation of the
    lower than expected rate of production.
    San Andres wells in the region typically
    exhibit long life production (> 15 years), at
    low steady rates of between 15-50 BOPD.
    The WC 35 State well will now be
    monitored while a decision on drilling an
    offset development well is made. Shallow
    oil wells in the area typically require
    pumping as they do not have enough
    pressure to flow without assistance

    Sombreo has a blockage but is producing oil flow.

    Also Charro project is still to come on line.
 
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