looking good

So what do we know....

1/ 200' of oil and gas shows so far
2/ The well is 500 meters from a well that flowed at 1200
Bopd ( yes thats 500 meters not 5 miles)
3/ Testing after TD is reached. Fine.
4/ well redesigned so no problems like Atzam #2. Good.
5/ market Cap $7m.
6/ Next well spuds straight after this one.


Encouraging oil and gas shows were encountered in secondary reservoir objectives between 1,000-1,200ft, which the operator currently plans to test along with the primary reservoir zones targeted from 1,800 to 4,000 feet following completion of drilling.

located 500 meters to the west The Atzam Atzam #2 well tested at an initial flow rate of up to 1,200 BOPD of 34°API oil at a depth of 3,850 ft.


Atzam #4 is located have TSX certified 51-101 certified reserves identifying proved plus probable reserve estimates of 2.3 MMBBL

The second well, Atzam #5, will spud following completion of a flow testing program on the Atzam #4 well.