IO on the other site has the pump on the Blessing well running!!
Remember it was never fracced properly so its conventional production - stunning stuff imo.
Included in the Copper Mountain Oil Project Acquisition is an existing currently shut-in horizontal well called the Blessing 1-4H. This well drilled by the prior operator in mid 2013, targeted the Grand Tower Formation which is located directly beneath the Lingle Formation (target interval for the Vail Oil Project). Following a stimulation of only 25% of the horizontal portion of the wellbore the previous operator was able to achieve production rates as high 100 BOPD with high water cuts.
SXA Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
