Treaty Mitchell #3 Initial Production Rate Projections:
Some have posted 2-3 BOPD.
One has posted 15-25 BOPD.
I posted that if Treaty has a 25 BOPD in the Mitchell #3 they would have a really good well. Well folks, now's the time for everyone to post their projections. As for me, I also posted that if they could get a 40 BOPD Mitchell #3 well, they would have a GREAT WELL. And now, I'm going out on a limb with that number and saying that Treaty will have a GREAT WELL in the Mitchell #3. And I'm going to go out on another limb and post the same thing for the Mitchell #4 when it comes online. Hopefully they will have everything completed, the pump jack in and electrical hooked up so they can even begin producing that well by the end of next week. If they can, that means they have drilled and completed two wells this month. And if my thoughts of a GREAT WELL production of 40+ BOPD from each holds true, Treaty will be well on their way to becoming cashflow positive by the end of June if they can drill two more wells that month. And don't forget Belize, which is drilling right now. Yep, it's time. Get Ready!
