AXT 0.00% 1.4¢ argo exploration limited

500% Gain & Counting Thanks to PANR, page-41

  1. 4,725 Posts.
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    PANR encountered a blockage while testing VOS#1,

    However they did get enough data early on, for them to state that it was a 3 mmboe well.

    To get a 3 mmboe well on my model (which is built from actual data from 3 wells within the Double A Wells field [which is the field they are trying to find copies of]) the well must have been flowing @ 10 MMFCGD & 650 BOPD (over 2,300 boed).

    That's a really nice well (the actual oil / gas mix might vary a little from the above numbers but it needs to be over 2,300 boed).

    Given PANR released a conservative number for the VOBM#1 flow-test, I suspect they were initially seeing higher numbers than 2,300 boe's, but again scaled them back.

    Hopefully in the meantime VOS#1 will clean-up over the next week and they will be able to announce official figures.

    By the way no-one on the PANR BB sites in the UK, that I've read has worked out the above yet !!

    May the Force be with us

    LOTM
 
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