last quarter WBE produced 194 boep ( note this is barrels of oil equivalents per day). They are planning to maximise Rex 4 at 300 bopd ( barrels of oil per day) plus whatever gas comes with the oil.
After fracking they will shut the well in for a week to let the "fracking wounds heal". Then they will allow Rex 4 to produce at 75 bopd. Over 5 weeks they will allow Rex 5 to slowly increase to 300 bopd.
Could be some cleanup delays or intruptions to this procedure. They didn't mention pumps but maybe it will flow unassisted for awhile. Maybe it will be on pump from the get go.
So last quarter 194 boepd and by Christmas we will be 750 boepd.
At $50 per one 'boepd' then 750 boepd will be at $37,500 per day.
$1M bucks a month..
Life don't get more exciting than that.
Saltbus
WBE Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
