Worth doing some research lads. Where did the forum get the general idea that this re-entry would flow 500bopd? Point 3 below clearly states the companies 'expectation' for 200bopd. I would speculate that J50 would be similar. DYOR
27 May 2009
JUPITER ENERGY EXPECTS OIL PRODUCTION IN 2009
HIGHLIGHTS
Results of 3D seismic show that Block 31 has at least 4 key targets with
potential for over 25 mmbbls recoverable.
At $US60/barrel oil, netback potential on the overall permit stands at over
$US600m.
Initial drilling target will be a re entry well which is expected to be completed
by November 2009 and flow 200 barrels of oil per day.
Logs for NWZ 2 indicate a discovery was made when initially drilled, with 30m
of net sand from the Jurassic flowing oil on test.
Government approval process for the re entry of the NWZ 2 well has
commenced with a rig expected to be in place by mid August 2009.
Program expected to take 50 days followed by 3 months of production testing.
Re entry program is fully funded.
Proposals for drilling of an additional two new wells on the permit are now
being considered along with various funding proposals.
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- nzw2 flow expectation circa 200bopd
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