you know, we could have had 25% of this!!!!!!!!!!!!!!!!!!!!!!
not impressed with the sanston 4.. actually pissed off in a a major way....
Royale Energy Announces Initial Rate of 350 Barrels Per Day for Sansinena 9A-
]GlobeNewswire]October 17, 2017
SAN DIEGO, Oct. 17, 2017 (GLOBE NEWSWIRE) --
]Royale Energy, Inc. and Matrix Oil Management Corporation jointly announced the successful completion of the Sansinena 9A-4 well. This is the first well drilled in Sansinena Field since Matrix acquired the field in June 2016.
The 9A-4 initially flowed at a rate of 15 barrels per hour which equates to a daily rate of over 350 barrels of oil per day. The well which encountered original pressure of 1500 psi was perforated at approximately 4500 feet (with 320 feet of net pay). Matrix is currently producing the well at a restricted rate of 8 to 9 barrels per hour which equates to around 200 barrels of oil per day.
The current rate and initial flow rate are more than twice management’s initial internal projections. Matrix’s and Royale’s management believe that the test results support drilling of more than 70 additional development well locations in the Sansinena field
We are extremely pleased with the results of this well and what it may mean for the Royale and Matrix shareholders. The initial rate is more than twice our expectation,” said Johnny Jordan of Matrix. Subject to permitting and capital requirements, Royale and Matrix plan to drill a minimum of six additional wells in Sansinena in 2018.
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