The well encountered oil and gas shows while drilling and the results of logging with the Modular Dynamic Tester (MDT) and other wireline tools have established approximately 90m net pay comprising both oil and gas within multiple stacked reservoir layers. Two of these reservoir zones have now been tested and flowed oil at a combined rate of 3,265.4 barrels of oil per day plus 8.1 million standard cubic feet of gas per day, through a 48/64” choke. No water was produced from either zo
PPP Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held