Anyone care to speculate on flow rates from FD3H which are expected within the next 24 or so?
The best indication that AZZ has given is from the ann on 21 April (Horiz drilling ops concluded), stating... "Throughout horizontal drilling operations, the quality of the oil & gas mudlogging shows were greater than that of the Frances Dilworth No. 2H. The amount and type of fluorescence as well as the constituents of the measured hydrocarbon samples captured, reaffirm the expectation that all remaining wells to be drilled in Antares current Eagle Ford shale acreage position are likely to be oil wells".
Could it be 1500BOPD?? 2000?? 500?? Really hoping for strong volume with FD3H as this could determine market sentiment for the FD4H and FD5H wells which will be due for fraccing within 4 weeks or so, and the remaining 6 wells planned for the rest of 2010.
AZZ Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
