CE1 0.00% 12.8¢ calima energy limited

IMO newly drilled well, Pisces10, is potentially producing ~430...

  1. 755 Posts.
    lightbulb Created with Sketch. 103

    IMO newly drilled well, Pisces10, is potentially producing ~430 to 500 barrels per day.

    So aiming to estimate the production rate of the recently drilled Pisces10 well.

    https://hotcopper.com.au/data/attachments/5636/5636111-954d499863e2f3a091574a92e5ee5e9c.jpg

    According to recent announcement Pisces10 is producing "in-line with Pisces #6 and #7", which is considered "significantly above the typical production curve".



    https://hotcopper.com.au/data/attachments/5636/5636120-e67d6a49412037aa32a5f38ce86f74e7.jpg

    Another previous announcement describes the production rates of Pisces #6 and #7. P6 & 7 achieved an average of 505 barrels per day over the first 30 days production and an average of 432 barrels a day over the first 90 days of production.

    Hence we can estimate that Pisces10 is currently producing around 500 barrels per day.

    If correct, that would be a great result which is significantly above typical glauconitic production curves.

    https://hotcopper.com.au/data/attachments/5636/5636157-a9808973ea363620d90f5ef2369d9218.jpg







 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
(20min delay)
Last
12.8¢
Change
0.000(0.00%)
Mkt cap ! $80.71M
Open High Low Value Volume
12.5¢ 13.0¢ 12.5¢ $20.69K 161.4K

Buyers (Bids)

No. Vol. Price($)
17 14474752 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 16225011 79
View Market Depth
Last trade - 14.09pm 22/05/2024 (20 minute delay) ?
CE1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.