So we were about right on the Burkett well - not much more than 100BOPD. It is interesting to note however that the company is continually learning about the characteristics of the field. I am confident that it will be a producing field - will just take time for the company to understand how to extract the oil at commercial rates.
Fracking legislation - no effect on Strata-X so another positive.
Illinois well program announced which is great - nothing in the announcement though on the expected spud date.
All up not too bad - certainly value for money at these levels.
Spozzie
SXA Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
