PV1 6.25% 3.0¢ provaris energy ltd

0.015 to fall today tomorrow, page-70

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    Having re-read the announcements, they are consistent.

    Announcement of April 22
    Oil achieved a maximum flow of approximately 331 barrels of oil per day (bopd) on a 18/64 choke on Saturday April 20 (US) time during a flow test conducted by Flow Back Services. The choke was subsequently further adjusted to additionally restrict the flow rate to 250 bopd as part of the well management programme

    Quarterly
    Subsequent to the end of the quarter, production at JT Reese #S2 had steadily increased to rate of approximately 331 bopd and natural gas at an average rate of approximately 196 Mcfd on an 18/64” choke. The choke was subsequently further adjusted to 14/64” to additionally restrict the flow rate to 300 barrels of liquids per day as part of the well management programme.

    The two statements are consistent if we assume a ratio of 83% between Oil and Water....ie 250 divided by 300
 
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