A presentaion put out by GGP today (August Presentation) certainly indicates that the amount being produced from J #1 and J #2 is down a bit on what might have been hoped.
GGP indicates that the combined production from J #1 and J #2 is 800 bopd and 0.4 MMCFGD.
Now we know from recent figures that J #2 is being restricted to 600 bopd and that is to aid the production at J #1. Therefore J #1 is currently producing 200 bopd which is quite a bit down from a couple of months ago.
Increased water flow at J #1 and presumably the increased draw off of oil and gas through J #2 has lowered the production rate at J #1
So QPN's 5% share of 800 bopd is 40 bopd or about 280 barrels per week or about 14,500 barrels per year.
Now you can see why there is a level of interest in looking to check out the Camerina at J #1 in the not too distant future.
The Presentation does have some interesting things to say about the Camerina and the Marg Vag and possible developments there.
QPN Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
