Following full evaluation of the test results, production rates will be finalised. At this stage the Company estimates a daily production rate in the order of 0.7 million cubic feet/day. Revised reserves will be determined after initial well production data is incorporated in the static and dynamic model of the field.
That's about a quarter of Sillaro's production, so this is a fairly middling result. The question, though, is whether this flow rate can be sustained, and how much big the reserve is. Not enough for me to switch from LT buy to buy, anyway.
PVE Price at posting:
13.5¢ Sentiment: LT Buy Disclosure: Held
