The well encountered approximately 52 feet of net pay, averaging 8-per-cent porosity, from the Leduc formation. During the 48-hour testing period, the well flowed at an average rate of 900 barrels of oil equivalent per day. Alberta Clipper operates the well and holds a 50-per-cent working interest in the new pool.
450*$60=$27000/day gross, on the test rates.
And its down 10% on the day? Brutal times here.
I see I got another 2K at $4.26 while I was out today. Caught the low....I hope it is a good thing.
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