Woooaa. News on time.
Frack completed. How easy was that!!!
I guess no news until next week when Rex 4 will be producing 75 bopd plus gas and frack fluid and formation water etc.
Rex 3 when it started up was difficult to control. I'm not up with the exact details but it behaved erratically with wild changes in gas pressures and oil flows. This better method should mean less wild behaviour.
I'll be interested to know whether Rex will be on pump or flowing naturally but restrained.
75 X $80 = $6,000 per day plus gas and fluids to be disposed of.
That'll be $42,000 in the first week of production.
Nice start.
Saltbus
WBE Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
