I am no oil expert but I look at it this way. The number of barrels of fluid pumped per day, whether it be oil or frac fluid, is governed by the size of the pump to some degree. As the frac fluid decreases the oil should increase, so ideally once the frac fluid is gone we should be left with all oil, 600 or so barrels per day. This may be able to be increased if the pump rate, or choke size is increased. Most wells are eased into production to ensure they don't have any early problems. I think this company is doing a fantastic job and we could see this well producing significant oil in the future. 1000 BOD total production early next year could be a real possibility.
I could, of course, be totally wrong.
AKK Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
