EOR.V Enhanced Oil Resources. I just came back from the field. They hooked up the flowlines and connected a new well to TARGA gas terminal. This well tested at 160 boepd. This is a $2.7 million dollar well, on top of the $14.0 million they already have from the 530 bopd. Adding revenues to this cashflowing company.
News should be announced as soon as they have the well online and they can report production numbers.
We should hit .30-.35 from this news within a week. Should be $1.00 by years end. Company says 1000 bopd before January 2011.
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