"By bringing this deep zone into commercial production, the Joint Venture will be able to generate early cash flow, as well as have more time to evaluate all the data from this zone and the other zones located higher in the well bore."
So these guys are producing a bit while testing. Some here say production will be up 40% in a week or so on change of choke(?) They did day; "This rate may be increased after an initial period of production depending on the performance of the well/reservoir."
and above zones will be tested in due course. When this will occur sounds +ve, but does not explain. cheers
VIL Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held