An update. I got an answer from my contact at Ords. He says they typically flow in the 75-350bopd with the bulk (80%) producing about 180bopd when stable. He also says some can initially produce at rates of close to 500 bopd. The likelihood of drilling success is about 15% i.e., one hit in 7. Hopefully there will be update on Woody-1 well within the next 7-10 working days. If nothing, then we can assume it is a duster.
FDM Price at posting:
27.5¢ Sentiment: None Disclosure: Held
