Output of NSA at the moment is about 500 bopd. Issue is that water cut happens quickly with these types of well. They are pumping same amount of fluids but more water. Also, as it is the northern winter, they have not been able to install water disposal pump on the pad and are trucking water 100 m from pad to water disposal well. In three weeks time expect to have installed pump and move to 750 - 850 bopd. Drilling more wells in April. Indicated that for 2008 should assume average production of 800 to 1000 bopd from NSA.
SAE will be releasing production update soon.
ado
SAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
