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.
Add to My Watchlist
What is My Watchlist?