FDM 0.00% 1.1¢ freedom oil and gas ltd

drilling report, page-14

  1. 514 Posts.
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    I would think that our average over the whole month would now be well over the 600 bopd with both the last two drilling reports being over 600 bopd.
    The average last time was lower due to the fact that the month before, the total production from the drilling report was only 224 bopd due to a large number of wells needing finishing or a workover. Some of these completions would have only been in production for a part of the previous month reporting period.
    There's also a bit extra usually to add from older wells which they dont include in the drilling report.
    I would think a workover to plug the layer below and then puncture the next layer would be reasonably cheap to do.
    Still think this a pretty good investment longterm, looks like they might just take a bit longer than I originally anticipated.
 
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