Dew - I would think a larger choke would accomodate greater flow. Here's the pr. Funny, I was doing some dd on e&p companies and found IOC around 4am one morning about 5 years ago. They were building their refinery on the coast but their potential reserves were impressive. I bought some stock at around 18 bucks but lost patience and eventually sold it as the sp hardly moved. Glad to see things worked out for them. John
InterOil Corp. (IOC) said one of its wells in Papua New Guinea flowed at a world-record rate. Shares of the company jumped 11% to $62 in recent premarket action. The stock through Monday had quadrupled this year. The Texas firm said its Antelope-2 well flowed at 705 million cubic feet of natural gas per day, a record pace, and produced 11,200 barrels of condensate per day, for a total of 129,000 barrels of oil equivalent per day. The well's surface flowing tubing pressure was 1,258 pounds per square inch through a 6-inch choke that was opened to 4 3/8 inches. InterOil, who says its primary focus is Papua New Guinea and owns petroleum licenses covering about 4.6 million acres, an oil refinery and distribution facilities in the country, says the Antelope field "confirms Papua New Guinea as a world-class gas resource base in close proximity to the most well-developed" liquefied natural gas market in the world. Last month, the company said its profit fell 14% as revenue dropped 34% amid lower commodity prices.
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