InvestorsHub Logo
Followers 0
Posts 248
Boards Moderated 0
Alias Born 06/30/2015

Re: None

Tuesday, 03/01/2016 9:31:51 AM

Tuesday, March 01, 2016 9:31:51 AM

Post# of 4188
The Teaff well, capable of 160 BOPD, has reported zero production for Oct through Dec. It has a cumulative oil production of 8609 bbls. I know it is not possible to to estimate reserves from performance, Breitling could have been slowing the pump a little each month for two years, but I am going to take a wild guess and say this well has an ultimate recovery of 8609 bbls of oil. Mind you, in it's last month of production it produced 9 BOPD, so if oil returns to 70-80 dollars, they could turn the pump back on...if the pump jack is still there.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.