About Defender, doesn't BOEPD depend on the size of the pump they can get down the well? If it's a small pump, it will produce less per day but for a longer period of time. Simple engineering (assuming there is oil down there). Can someone tell us if there is a particular submersible they use? The size would be dictated by the size of the well bore as well to get the thing down in the first place.
I seem to recall that TB said there was minimal gas coming up from Defender which in turn causes the low pressure. The place for all we know could be saturated with oil with stuff all gas content which given the prices at present is a very good thing. So with all that propannt sitting down there, it may be a while before a steady flow of oil emerges due to the limitations of the pump size.
Just a thought, all in my opinion.
SSN Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
