Reading over the January report I have to say the freshwater extended reach well's result is disappointing. I note that its been in production for 45 days and the max rate was 187 boe. It produced 6400 boe in 45 days which is a 142 boepd avg. Even if its still on jet pump and being cleaned up I would expect more.
Imo its the WS results which will give the reserves a good boost, although since the last upgrade in June the number of wells in production has almost doubled so I expect a good increase from the ML layer anyway.
Cheers, Sharks.
RFE Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
