Couldn't have been timed better, and now, maybe THE RE-TRACE has halted. News should come at a regular pace now and I for one managed to top up on every retrace. Averaging down has always worked for me in the past, if the sp drops any more, then I'll simply buy more.
Liked this bit in the RNS ...kind of confirms my view on possible gas volumes...imho?
Work is being completed on the North Chapman Ranch fracture stimulation (?frac?) program, where
results have seen a dramatic increase to oil and gas flow rates from the Russell‐Bevly #1 well. Work
has now been completed on the uppermost zone of the Russell‐Bevly, where indications are that the
frac was a complete success, with 150,000 lbs. of frac sand having been pumped into the formation.
Stabilised flow rates are approximately 3.5 MMcfd and 350 Bopd from the one zone alone, which
should add substantially to the overall rate and recovery from the well once co‐mingled with the
other completed zones (expected to significantly exceed the budgeted 4 MMcfd and 350 Bopd for all
the producing zones in the well).??Work will now move back to the Smith well.
In the East Clarksville field, Range and its partners await the arrival of frac equipment and crews to
begin work on the recently drilled Ross 3H horizontal well. The well was successfully drilled and
cased with a 3,400 ft. later section, with good oils shows observed throughout the horizontal drilling
phase. Frac work is expected to begin within the next 2 weeks.
Couldn't have been timed better, and now, maybe THE RE-TRACE has...
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