The USFS test produced a peak flow rate of over 70 BOPD. Oil cuts increased as the well cleaned out…
The well bore during production will be clean achieving 70 plus BOPD minimum…
These peak flow rates were achieved *naturally* which adjacent wells have *not been able to achieve*…
They allowed the well to naturally flow for 88 hours. If they had allowed the well to flow for a longer period, naturally the average and peak flow rates be much higher…
The company has knows the USFS was a massive success, so they now need to prove they can naturally draw oil from the shallower SMD-B reservoir…
If they can achieve similar success in the SMD-B reservoir, this would be a groundbreaking development.
88E Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
(20min delay)