Please refer to my earlier posts.
100bbls a day for this well proves up their acreage - remember what I have said about the horizontal length and pressure of this well . The flow rate will improve but do not expect 500bbls/d
It is the next well where you will see a substantial increase in flow rates - I am yet to find out timing of this well but weeks/months. As they have stated Illinois is a 'GO'. They are ecstatic about the results.
Management are systematically revaluing their acreage many times over for what they paid for it.
This company is still sliding under the radar.
Spozzie
SXA Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held