Previously, the Company announced it had conducted a hydraulic frac in September on the WB N2 and N3 wells. The Company reports the wells were successfully fraced, re-completed and are now back on production.
"We have been pumping the wells cautiously while the reservoir performance is still cleaning up", Michael Cvetanovic said, "However, we are encouraged by the fact we are producing oil at rates higher than those prior to the frac. Quantitative results will be reported once production has stabilized over the next few weeks".
Extracted from PTE announcement to market below:-
http://biz.yahoo.com/ccn/021009/c92a0ae26314e08c51509747a7605393_1.html
Frac looks like a success
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $348.5M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $1.442M | 7.322M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1488279 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 20.0¢ | 329999 | 7 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
19.8¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 20.0¢ | 20.0¢ | 19.5¢ | 1726210 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
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