Finally...sheesh, it has been a while coming to say the least.
A good start with Flax-3, a shame they have to flare the gas. 3.6mmscf/d is worth more than beer money.
I think it worth noting that other than Flax-1, the other Flax wells are all pretty much badly located within the resource. So in years to come, when sweet spots are drilled, we can expect more than what we see today.
I look forward to the rest of the wells coming online and then we can start to get a better idea of longer term flow rates etc. Which will in turn, allow DLS to search for the right partner to farm the project out (hopefully by that time oil prices will be higher).
DLS Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held
