NEO nuenco nl

more news..and it's pretty good

  1. 37,286 Posts.
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    hi guys..

    just another update, imo better than yesterday..

    Stephen, Orchard has discovered Oil and Gas at Southeast Lost Hills. This is
    our fourth discovery in the last 12 months. We are now designing testing
    program to test and start production. Will not know the full extent of
    discovery until we test. However, it looks like we have discoveries in one.
    A shallow gas zone and deeper oil and gas zones. Will most likely develop
    each via separate drilling programs. Very good news for Orchard.

    San Emidio has yet to be drilled. Hopefully later this year.

    Key is we have found oil and gas. Question remaining is how productive will
    the discovery be (ie how many barrels of oil and cubic feet of gas will it
    produce).

    Hope this helps.
 
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