surely has to move north soon, page-38

well who ever said oil exploration would be easy - going to be an interesting ride

flow rates and choke - 220 bopd at 10mm is of course restricted and the well will do better on open choke but without more information on pressure (the release says they are about to shut in and put the gauges in the hole) a scientific estimate could not be made. We will just have to wait an see but I would guess a minimum of 400 bopd is locked in and the well is commercial at even 220.

stimulation - in carbonate reservoirs, acid washes are common so I would predict the final well might still be north of the 400-500 bopd predicted from offsets and there is some hope doing much better than that on pump.

the good news is that the structure, porosity, nett pay and now commercial flow rates all have been pretty much as stated and hopefully the long drill times can be improved. The SP needs time and the addition of flows from NWZ2 and the planned J-51 but eventually the aditional flows and the substantial potential reserves of this field will win over investors.