OTCPK:ATGYF - Post by User
Comment by
Bigbadoilon Sep 10, 2007 11:16am
289 Views
Post# 13366835
RE: Re.Explanation-Bigbadun''''
RE: Re.Explanation-Bigbadun''''I think the 4th well in the current program was to be scheduled as a water injector to be drilled next year. The internal complexities in the central block have forced AEN to bump this well up to this years program to get at the "missed" Tarbutt oil.
Now how will this affect the SP of AEN? Obviously they will have an extra producing well (if successful). I think they have been very efficient (ahead of schedule) with the current program and decided to bring forward another well.
I was told that the 8000 BOPD well in the north fault block is suspended and could be used as a producer too. So total production could be very much higher than the quoted gross rate of 25000 BOPD.
Bigbadun'