Wow, great day for TSV, these announcements just keep getting better and better, and I would expect the official 'this is a commercial discovery' announcement imminently.
they're retrieving 60% of the gas from zone 6 which has 25m net pay, and have discovered another 55m of net pay with the same characteristics in the zone closer to the surface? holy moly
"The company will update the market following installation of the isolation plug and recommencement of flow testing during the week".
Here's the flow testing I've worked out so far (repost):
Fluids:
12May - Fluids @ 1565 barrels p/day
18May - Fluids @ 750 barrels p/day
29May - Fluids @ 400 barrels p/day
29May - Fluids @ 405 barrels p/day
Flow (like for like 40/64th choke):
12May - 1.3 mmcfpd
21May - 2 mmcfpd
29May - 1.8 - 2.1 mmcfpd
09Jun - 2.5 mmcfpd
If the increase in gas from having little to no fluids coming through is anything like the increase in gas as the fluids have dropped off, then we could be seeing massive flow rates reported this week.
Also.... Does anyone know if the fluids somehow affect the choke? If they can open that up further we're heading up even further..
Doubled my holding today and would accumulate more if I could :)
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