Well NO.1 The well is currently producing an average of approximately 135 BOEPD as the operator continues to pump fracking fluid from the well (36% complete) in order to optimize production from the well.
Todays announcement: Hoefle # 1 H (Test Well # 1) flow rates have declined since the initial production test and have performed below expectations. The Test Well # 1 has begun to stabilise in the 10 BOPD and 50 MCFPD range (18.33 BOEPD range).
From Announcement 6/09/12 Comanche Test Well # 2 Update. The Comanche # 2 test well has now been on production since August 19th and has averaged over that period a rate of 225 BOEPD and continues to perform above expectation
Todays Announcement: Sloan # 1H Well (Test Well # 2) has performed to expectation and appears to have stabilized at an average flow rate of approximately 25 BOPD and 275MCFPD (70 BOEPD) over the last four weeks
DYOR
OTE Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held