It is the pump capacity for 1 well. It bears no relation to how many pumps you can put on the block. See 330 development plan (lots of pumps). See Angelim field to our north and count the pumps. As ciggys points out there are 25 pumps on that field.
They would not put a pump capable of doing 90 barrels a day on the well and declare it a producer if it wasn't commercial.
This is from the top interval only. The second interval is also a good one. Not sure about the basement but I don't care either because it was never the target.
Although I had very low expectations when I invested in this stock (based on the Mercury report) I feel that all of them have been exceeded.
ERH Price at posting:
17.2¢ Sentiment: LT Buy Disclosure: Held
