PV1 0.00% 1.9¢ provaris energy ltd

Ann: TTE DR11 and Allen Dome Update , page-9

  1. 107 Posts.
    My 2 cents...

    Knowing TTE Management, IMO they will release information after reaching TD and stable flow rates. I may be wrong but one thing I have experienced with this Management, is they keep things on the conservative side...

    So , we are targeting 50 bopd each from 5 zones hence a total of 250 app

    We know we are currently producing 100 + bopd from Reese #5 and Reese #2a wells. Even if we can get around the 150 bopd mark from Reese #S2 - that is a magical 150% rise from our current number- more than double!

    Its always nice to read the last 6 months announcements where they stated that prior to TTE re entries of these low cost and exploration wells , production was 12 bopd!....

    It may seem slow at times, but I guess slow and steady wins the race and as far as we keep ticking these small production boxes, we are a winner here!

    Good Luck DYOR
    Cheers VoM.
 
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