EGO empire oil & gas nl

Ann: RGN-1 Testing Update, page-2

  1. 3,101 Posts.
    lightbulb Created with Sketch. 665
    Not sure this is a great announcement.
    25th Jan
     Second test on C sand confirms higher than expected condensate rate of 405 barrels per day
    18th Jan
     419 bpd condensate flow rate from the C sand zone was significantly higher than expectation

    25th Jan
     Gas flow of 1.29 mmscf per day recorded over the last 24 hours of the second test, in line with earlier 8 hour test
    18th Jan
    1.27 mmcfd gas flow recorded over an 8 hour flow test (up from 0.5 mmcfd reported in April 2016)

    25th Jan
     Second test on C sand produced average water rate of 734 bpd indicating marginally higher rates from the initial 8 hour flow
    18th Jan
    An additional 24 hour test is planned on the C sand zone which is focused on observing the water flow rate (684 bpd at end of 8 hour test) from the zone

    Where is everyone? Too busy selling? It seems we have movement since the announcement but unfortunately in the wrong direction. I think we will see the low 20's if something good doesn't happen quickly.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.