"Empyrean has been advised by the Operator, Texas Crude Energy Inc ("TCEI"), that the isolation plugs set as part of the fracture operations have been drilled out and the well commenced unloading at 0100 hrs on Thursday 28th 2010 (USCST). The initial production rate at 0700 hrs on Saturday 30th January (USCST) using a 22/64 choke was 4.39 mmscf/d gas and 1,132 bpd of condensate. The water production rate, from the recovery of frac fluids, was 408 bwpd."
The question is, what was happening between 01.00 on 28th and 07.00 on 30th. More unloading of frac fluid, I would suppose.
February production should be interesting. I would hope for a news release on flows before we read actual production on TRRC. It would be pretty bad form if learnt of production from there first.
ADI Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
