Swami,
You seem to try and get the point across that you know quite a lot about the O&G game but after reading this part of the announcement, please tell me what will happen when we fire up the pump instead of relying on natural pressure. And I'm posting this with no rose coloured glasses just common sense.
"Analysis of the JT Reese #S2 discovery well on the Northern flank of the Allen Dome has continued, with the well currently producing under its own pressure. Whilst remaining on a 11/64 inch choke, the well produced 3567 barrels of premium quality oil over a 30 day period.
After careful assessment of pressure and flow rates, Titan Energy is now planning to assist production via the introduction of a pump jack, which has been installed on the Reese #S2 well and is expected to come into use next week. The Company continues to investigate the potential to commercialise the gas content of the JT Reese #S2 well, which is currently being flared."
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