FDM freedom oil and gas ltd

confirmation, page-8

  1. 452 Posts.
    lightbulb Created with Sketch. 80
    Paprika,

    It's good oilfield practice to choke back wells and produce at the lowest commercial rate. The faster you produce a well, the more the water level 'cones' and eventually waters out the well. Basically, the harder you suck, the less *total* oil you get out of the ground over the life of the well.

    See for discussion: http://www.ok.gov/marginalwells/documents/C-05.A-Producing%20Flowing%20Wells.pdf

    So no, don't expect a 'massive increase in production' by this means; that would just be terrible oilfield practice.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.