it means at least 1,500 barrels of oil per day from the 2 zones tested with 2 more zones, probably of less significance to be tested & possibly brought on line early next year. Multiply 1,500 x 365 & you have a significant yearly production & income with the oil price presently in excess of $90 per barrel, 75% of which is Stuarts.
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$1.36 |
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