your all missing the point here, read the announcement properly. The Operator advises that 1-NORD-1-SE is being completed as a future oil producer. A Progressive Cavity Pump (PCP), with a capacity of 90 barrels a day, will be set against the uppermost carbonate reservoir to facilitate production.
The PCP only has a capacity of 90 barrels a day.
Its the same as having a one inch choke on a pipe.
I am not saying that this is going to be better than you all think just that that this pump will only produce 90 a day.
Think long term, not on the daily sp.
You have more than one well here.
Ciggys, maybe you can explain it better.
Cheers
Mark
ERH Price at posting:
17.2¢ Sentiment: Buy Disclosure: Held