I found this a good piece of news
The D&L#3 “M” sand was successfully perforated and placed on production on 18 October 2011. To 31 December 2012 the well has
produced 116,457 bbls oil, 344,500 mcf gas and 5,896 bbls water through a 10/64 inch choke. Monthly revenue net to the Company is ~
US$140,000 after royalties and operating costs. The Company has estimated the potential remaining reserves in this well to be 200,000 bbls oil and 610,000 mcf gas.
so we have more oil under the ground than has already been taken out in fact it looks like approx %35 sold %65 left
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Mkt cap ! $5.640M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 0.3¢ | 33705228 | 19 |
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