Tuesday, October 31, 2023 6:59:03 AM
Their 6 wells tested 30 mmcfd but had many water and pressure problems that forced them to pause their gas drilling program and focus on oil explo.
They seem to be fixing production with ESPs and compressors now. Currently at 7 mmcfd from 2 wells. Hopefully 10 mmcfd from 3 wells at the end of the week.
Currently getting $12.33 usd/mcf means 32 million usd revenue on a 20 million market cap!
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