CVN is better than 50% on actual test to production ratio. Unheard of. Generally 10% is considered 'average'
When you consider they estimated 450bopd from there initial 33% success rate over 100 tests, they are actually much better than 100%.
It depends on how you look at it.
They estimated 10,000bopd from 3-4 years drilling. They have ECLIPSED 60% of that in less than 8 weeks, with 6 more tests due before end of Q4.
With 80 more tests due in the next 24 months ( less time if they bring the other rig online ) the potential is immense.
poe ceo estimates 13000bopd in 08 , page-4
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