DJ At least it went in the right direction last month whether it continues to increase over the next few months we will have to wait and see. 15-20bopd would be the rough figure I suspect would be required from #1 well to justify developing another well.
I hope the unitisation is progressing.
A few positive points.... # The lower Shannon was never waterflooded. # The current production is lowering the pressure in the upper Shannon which should lead to more production from the lower Shannon. #The injection into the lower Shannon is repressurising the entire field so one would expect production in well #1 to be slow. However it will result in faster ramp up of oil production for future wells. #Every extra well brought online will rapidly improve the waterflood. Cheers
ELK Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held