PYM 0.00% 0.0¢ pryme energy limited

this maybe today to get shares at this price, page-100

  1. 5,038 Posts.
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    Uncleart,

    The well produced 1040 barrels during the first 24 hours, then using the rate of production which occurred in the following 12 hours they extrapulate a bopd number from it, in this case 740.

    So in effect the well in its second day of production would only have produced 740 barrels. Which is a decline of 300 barrels in a single day.

    Which means production is dropping like a stone.

    I Expect the well to be doing under 500 bopd by the end of day 7.

    LOTM
 
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