I can assure all of you Reese #2 is flowing at the announced 331bopd but is currently restricted to 250bopd or 300 barrels of liquids due to storage constraints.
The flow update clearly showed that the oil/water ratio of 25% of 408 barrels of liquids listed in original announcement was now80% or 331 bopd after the majority of water they injected was cleaned out. The oil/water ratio is now 80% oil / 20% water This is why they mentioned 300 barrels of liquids in quarterly. ie. 300 x 80% = 250bopd
Do not listen to this rubbish of 70bopd for reese #2.
GEV Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
