"Wecker said there was a possibility of finding a lot more oil, but at this stage the company was focused on getting the wells into production. "We should be producing about 400-500 barrels per day (bpd) by late October and our target is to have about 1,000 bpd from five wells by the middle of next year," said Wecker. He said recovery rates at the 120 square kilometres field could vary between 15-50 percent, depending on geology."
Bello......can you work out your modelling on the companys own forecasts?
Cheers
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