Flow back operations commenced on March 23rd. This flow back is being undertaken with 15 individual frac plugs in place The rate is therefore restricted down hole and is not representative of an initial production rate, which can only be determined after the frac plugs have been drilled out.
Even though the flow rate may not be representative, the restricted flow back results are nevertheless very encouraging, with a maximum oil rate of 1320 BOPD being recorded.
Well what an excellent announcement! So they're getting 1320 BOPD, with 15 individual concrete plugs in place, out of the 16 stages fracced.
So basically, 1320 BOPD mainly from one frac stage?
Sounds truly amazing to me? This could very well be a Bakken record when they drill out the plugs next week, does anyone know what the best IP BOPD rates are for the Bakken?
And this...
Oil sales commenced immediately and the gas sales line was connected after 4 days of flaring, so both products are already being marketed and generating cash flow.
Haven't seen this type of statement in SSN announcements before, a very good idea imo, especially now with many new nervous holders on board in the last 3 months.
Very well done TB.
SSN Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
