I messed up there it was the Jennifer 251H with the Haley 305H, it is confusing at the end of the day the company's website has all the date the IP30 numbers hit etc, just pay attention in this pricing environment.
May 6, 2019 8:30 AM
PEDEVCO Provides Updates on New Horizontal San Andres Wells Drilled in its Permian Basin Asset
Haley 305H Well Peak IP30 of 499 BOEPD
Jennifer 251H Well Peak IP24 of 431 BOEPD
HOUSTON, TX / ACCESSWIRE / May 6, 2019 / PEDEVCO Corp. (NYSE American: PED) (the "Company") today announced that its first horizontal well drilled in the Company's Chaveroo field, the Haley Chaveroo SA Unit 305H ("Haley 305H well"), which reached a peak daily rate ("IP24") of 539 barrels of oil equivalent per day ("BOEPD") (88% oil), or 138 BOE per 1,000 feet, has now achieved a thirty-day average peak initial production rate ("IP30") of 499 BOEPD (87% oil). The Haley 305H well's peak IP30 being within 10% of its peak IP24 daily rate validates the Company's focus on conventional assets rather than higher decline shale assets. In addition, the Company's second horizontal San Andres well put online, the Jennifer Chaveroo SA Unit 251H ("Jennifer 251H well"), has reached an IP24 of 431 BOEPD (86% oil), or 95 BOE per 1,000 feet. These results place the Haley 305H well's IP30 within the top-8 percentile, and the Jennifer 251H well's IP24 within the top-20 percentile, of San Andres horizontal wells drilled in the Northwest Shelf and Central Basin Platform based on IHS Markit data for 778 horizontal producers as of March 2019 (December 2018 reporting month).
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Now when a PR like that show up for these two wells probably third weekend of March and the guidance checkmate. Math.
