Who knows i think it could be a break out if you want to pay...

Who knows i think it could be a break out if you want to pay over $100 a barrel.IMO



Nido Petroleum Ltd (Nido) is pleased to announce that the Galoc 3 horizontal
production well flowed oil to surface at a maximum rate of 5,397 barrels of oil per day
(bopd) during clean up flow testing on 20 and 21 February 2008. Highlights include:
􀀹 Galoc oil flowed to surface unassisted consistent with expectations
􀀹 A maximum rate of 5,397 bopd (at 48/64” choke) was achieved
􀀹 Oil samples were collected for analysis
􀀹 Galoc 3 flowed as designed and is now ready for production service
Important Milestone
Nido’s Deputy Managing Director, Ms Joanne Williams, said “We are excited to reach
this important milestone in the Galoc development project today. The Galoc-3 well
has flowed as designed and is now ready for production service. Like most proud
parents, we have a baby picture to show you – please see attached a photograph
taken yesterday of the Energy Searcher flare while flowing Galoc 3”
“Nido congratulates the Operator, the Galoc Production Company, on successfully
flowing Galoc oil to surface for the first time since 1988, 20 years ago. We eagerly
await the results from Galoc 4 in the coming week.”
Successful Flow to Surface
The purpose of the Galoc 3 clean up and oil flow to surface was to confirm the
integrity of the well and installed completion equipment as well as to ascertain the
well’s ability to flow.
Galoc 3 commenced flowing to surface at 09:30 hours Manila time on 20 February
2008. Including clean up, Galoc 3 flowed oil to the drillship “Energy Searcher” for a
total 14.5 hours and reached a maximum flow rate of 5,397 bopd with a 48/64”choke.