I have two possible comment on INP proposed flows rates.
1, The oil is very volatile so you have to extract the oil slowly otherwise it will turn to gas within the reservoir, thats why they need to re-pressurize the field by re-injecting gas is Flax 1. Current plan development plans is 3 times 880 barrel storage tanks with 3 to 4 producing wells. They are assuming between 250 to 350 barrels per day per well. This begs the question if the well flow at a greater volume (I hope) then they will have to be running a tanker truck everyday. Still at least 2 weeks before all construction work is completed, bugger!!
2, Ross W and his board of Directors are extremely conservative and do not like ramping the stock, hence very low flow volumes announced.
Comment
All I can see is upside in this stock and current filled up to the gills.
cheers
PC43
INP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held