Sector here is a little quiz for the newbies.
The following wells have been drilled by FPL in the last 5 years.
C11-12
Pathfinder #2
Columbus
Marco Polo.
Magellan
Bird.
Vespucci
JW Powell
What is the OIL production per day from these wells.
Excluding JWP which will need to be shut in shortly because they won't be able to continue flaring the gas.
The answer is NIL.
The only production they are getting is from the wells they bought of Incremental Oil & Gas.
Mind you about 45 wells producing approximately 100 bopd.
Hardly gushers.
The Pathfinder Oil field is a dud.
DYOR.
Jim.
Ann: FPL Completes $5.1m Placement, page-32
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