RHE rheochem plc
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third well spudded

  1. gottalove
    19,198 Posts.
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    12/03/08
    11:34
    Post #: 3458232
    RHE has a 5% interest in the drilling of Athena by Ithaca Energy.
    This apraisal well spudded on Monday and is the 3rd in the region.
    The first 2 flowed oil at approx 1300 bpd and it is anticipated that once the ESP's have been installed, this will increase to 5000 bpd!
    We watch this 3rd well with great interest...
    RHE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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