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FDM freedom oil and gas ltd

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2 July 2018: Also our first two wells, Wilson 1 and 2 have...

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43 Posts.

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03/07/18

10:30

Post #: 34101261
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Originally posted by Brickwalls ↑

***

In overnight - OPERATIONS UPDATE 2 Jul
"Our four new wells have commenced oil and gas production. These wells were hydraulically fractured at twice the intensity of our first two wells, and in doing so we used 50 percent more water. Also we have decided to flow the wells back at a lower rate during the clean-up to preserve reservoir pressure, so it has taken a few more days to clean-up the water sufficiently to commence oil and gas production. Oil sales started on 28 June, and the four wells are currently averaging about 150 barrels of oil per day each, and are flowing at very high pressures (1200 psi). The percentage and amount of oil and gas increases every day, and the water production decreases. We expect to report a stabilized initial oil rate in about two weeks after the wells fully clean up.
Also our first two wells, Wilson 1 and 2 have continued to clean-up after being shut in due to the new wells forcing fracturing fluid into the older well’s wellbore. These wells continue to get stronger each day."

http://www.freedomog.com/our-operations/eagle-ford-shale/operations-update/

Yeager was pretty clear on establishing Drilling & Production Discipline right back into writting lease contracts, looks like he's maintaining an iron hand in this.

Expand

Originally posted by Brickwalls ↑

***

In overnight - OPERATIONS UPDATE 2 Jul
"Our four new wells have commenced oil and gas production. These wells were hydraulically fractured at twice the intensity of our first two wells, and in doing so we used 50 percent more water. Also we have decided to flow the wells back at a lower rate during the clean-up to preserve reservoir pressure, so it has taken a few more days to clean-up the water sufficiently to commence oil and gas production. Oil sales started on 28 June, and the four wells are currently averaging about 150 barrels of oil per day each, and are flowing at very high pressures (1200 psi). The percentage and amount of oil and gas increases every day, and the water production decreases. We expect to report a stabilized initial oil rate in about two weeks after the wells fully clean up.
Also our first two wells, Wilson 1 and 2 have continued to clean-up after being shut in due to the new wells forcing fracturing fluid into the older well’s wellbore. These wells continue to get stronger each day."

http://www.freedomog.com/our-operations/eagle-ford-shale/operations-update/

Yeager was pretty clear on establishing Drilling & Production Discipline right back into writting lease contracts, looks like he's maintaining an iron hand in this.

Expand

2 July 2018:

Also our first two wells, Wilson 1 and 2 have continued to clean-up after being shut in due to the new wells forcing fracturing fluid into the older well’s wellbore. These wells continue to get stronger each day.
12 June 2018:

The Wilson B-2H was the first to return to production and is currently producing approximately 275 barrels of oil equivalent per day and gradually improving each day. The Wilson B-1H was turned on 5 days later and is just beginning to return to oil and gas production.
We expect all six wells to be fully cleaned up and producing fully within the next two weeks.

Seriously!?

No integrity guys.

12 June they (Wilson 1/2) were producing oil and 2nd July they are cleaning up! Well one or both are lies.

FDM Price at posting: 28.5¢ Sentiment: Hold Disclosure: Held
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