Ann: Strong Gas Flow Testing Confirms Borba as a Producer, page-47

Hello board friends

yes a very good result. Flow rates exceeded my expectations. Seems the production rate may be even high time will tell

Unlike oil which production declines from the first barrel produced, gas fields generally don’t start declining until 60% of the reserves are recovered so we may have a steady working mans income for years to come.

The part of the announcement that caught my attention is for them to review their acreage position in light of the Borba flow results to see how many new locations can be drilled. Shallow wells costing $750kper well, delivering 3 mm/d will become a great engine room for future growth without massive dilution.

DYOR. As always please share.

The Captain