Initial oil results, particularily from upper sandstones, seem to indicate well could fall in line as similar producer to other comparable wells..ie 200bls plus per day...as discussed in previous posts..I agree initial market response has been subdued..
Gas flow rates may be the key to igniting interest.. as historical evidence suggests that flow rates in comparable wells have been prolific..by that I mean upto around 5 million cfd.[or around 900 BOE/D ]
If all 'ducks in a row' and Maolos proves to be in a 'sweet spot'..this well could be a winner for both oil and gas..fingers crossed!!!
Cheers
GGX Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held