TSXV:ABS.H - Post by User
Post by
711666on Apr 21, 2008 7:25am
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Post# 14990793
TAE SHARE 11.3 BBls of oil per day
TAE SHARE 11.3 BBls of oil per dayIF YOU HAVE DONE YOUR DD you would know the recent ODE/Tae joint venture well Karges 18-7 #1is only 100's of feet from HAROLD KARGES 18-3 1A
ODE'S (sept 2007) NEWS RELEASE of the HAROLD KARGES 18-3 1A COULD EASILY LEAD UNINFORMED INVESTORS TO ASSUME PRODUCTION WOULD ALSO BE 100 BBls per day ! DON'T BE FOOLED.
Mississippi Oil & Gas Board's (see picture below) LAST REPORTED 3 MONTHS OF HAROLD KARGES 18-3 1A SHOWS 88 reported days with a total production of 3986 BBls of Oil... THATS A FACT!
PRODUCTION WAS ONLY 45.3 BBls of oil per day AVERAGE
REMEMBER TAE's 25% share WOULD ONLY BE11.3 barrels of oil per day
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(September 24, 2007) - Odyssey Petroleum Corp. (TSX-V: ODE) (FSE: YQN) advises that the Company has completed the recently drilled
Harold Karges 18-3 1Awell in Pelahatchie Field in the prolific 11,300 Hosston Formation. Testing over the past four days resulted in an initial swab test at rates from 220 to 480 barrels per day on an open choke and then a stabilized flowing (last 75 hours) rate
averaging 100 barrels of oil per daywith no water on a 14/64ths choke with tubing pressure of 215 psi. Drilled to 11,500 ft, the Karges 1A well encountered numerous potential productive zones beginning at the Tuscaloosa depositions at 6800 ft subsurface through the multiple Hosston formations at 11,400 ft subsurface. These stacked "pay zones" will now become future offset developmental drilling targets
