ITC impress energy limited

flow rates still conservative

  1. 5,929 Posts.
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    I noticed from the news from VPE that they state the flow rates of 1000 bopd gross are now achievable by years end.

    This is a very conservative statement. I would be very surprised if the two wells alone don't go over 1000 bopd.

    I understand that the DST results are inflationery but one would expect a flow of about 1000 + for G3. at the very least. G4 is unknown. Flow rates of 400 bopd each needed to get this conservative target.

    Even at 1000 bopd and $100 US barrels that is $18 mill to ITC not including the smaller Mirage field.

    The numbers will be tremendous reading once up and running.
 
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