The concern that I have originates from the previous hole the Deshotels 13H No.1, which encountered oil to the surface and a larger flare of 70 foot. I understand that there were some mechanical failures but the end result was a well that produced only 60bopd of which only 18 were Pryme's... There was an initial potential rate of up to 1,167 so howcome it fell to 60popd?
Similarly, Deshotel 20H no.1 is producing 75 bopd,which is 23bopd for Pryme.
So should we not expect a somewhat similar result from Rosewood where initial production is at approx 1,000bls per day and it settles at something closer to 50-100 in the near future.
Would that still be considered a successful well for Pryme or does the sell need to maintain a daily production in excess of 600?
Would love comments and feedback!
GC
PYM Price at posting:
10.7¢ Sentiment: None Disclosure: Not Held
