Deep Well Oil and Gas (fka DWOG)

[wshaw14]

LOL, good luck with the HAPPY HOUR. I would guestimate we are currently producing approx 345 bopd with an average of approx 325 bopd to date and will end the month at approx 365 bopd with an average of approx 345 bopd and a SOR in the range of 4.5 to 4.7. Which is at the higher end of the following.

“achieving commercial rates and targeting to reach production of between 345 and 370 barrels of bitumen per day, with associated steam oil ratios of between 4.7 and 3.8.”

April should easily put us at or near 400 bopd and at or near the 3.8 SOR which is the “HIGH” case estimates.

“These production parameters correspond to the Best and High case estimates used by Sproule”

I am confident enough in these numbers that I bought some more, and will continue to do so in these price ranges.