If my estimate is correct, and Pisces10 is producing ~500 barrels per day, then that could be an overall oil production capacity increase of ~10% to ~15% (current production is about 3600 to 4000 barrels per day). That's a significant increase in production capacity.!
The interesting thing is that CE1 have just finished drilling another two wells (Pisces11 & Pisces12).!
If those two wells have similar production rates as Pisces10, then CE1 oil production capacity could have an increase of production capacity in the range of 30% to 45% by December.
Now that really is a significant increase in production capacity.!
PS. thanks for the compliment GARP, i'll take it. Oh, and feel free to jump onboard the positive outlook train. IMO, it's going to be a fun ride
CALIMA ENERGY - Positive Outlook, page-3
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