Good Announcement even though no IP
B 1H will not be a great well, but we all knew that
John B 1H looks really good, already 18% fluid recovered (on extremely restricted choke), looks to be about 3x flow rate of first well, nice. probably only 2 weeks away from an IP on that, which should prove up the first area.
Very strong oil shows in Ameril horizontal drilling as well.
Im confident we can get 2 out of 3 of these wells with god numbers now (although I suspect market wont like the lack of IP)
I think its a very strong announcement
Ann: Richland and Amerril Oil Project Update , page-2
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