SXA
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0.00% 7.0¢ strata-x energy limited

I would wait until they complete production testing before...

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  1. Modric
    46 Posts.
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    08/08/14
    10:25
    Post #: 13788621
    I would wait until they complete production testing before passing judgement. Let's see what the IP number is, I expect it will be significantly higher than 30 bopd if they are using an ESP.

    http://petrowiki.org/Electrical_submersible_pumps

    I'm not an O&G engineer but from the above link an ESP is essentially redundant with production less than 150 bopd?
    SXA Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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