TSXV:ABS.H - Post by User
Post by
711666on Apr 30, 2008 3:56pm
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Post# 15024657
TAE HOLDERS IN DENIAL!
TAE HOLDERS IN DENIAL!ODE, TAE'S JV PARTNER, HAS DRILLED 3 WELLS IN ROUGHLY THE SAME AREA
LOOK AT THE NEWS RELEASE PRODUCTION. THEN LOOK AT PRODUCTION DATA OF THE ONLY NEW WELL THAT HAS A RECORD OF PRODUCTION AVAILABLE! A LOT LOWER ISN'T IT???
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2007) - Odyssey Petroleum Corp. (TSX VENTURE:ODE)(FRANKFURT:YQN) advises that the Company has completed the recently drilled Harold Karges 1A well 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 dayon an open choke and then a stabilized flowing (last 75 hours) rate averaging 100 barrels of oil per day with 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
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LAST 3 months OF AVAILABLE PRODUCTION RECORDS PRODUCED??? (actual 84 days)
DEC = 1361 BBls
JAN = 1503 BBls
FEB = 929 BBls
Total: 3793 BBls DIVIDED BY 84 DAYS = 45.15 BBls per DAY average
I BELIEVE TAE'S JV WELLS WILL BE THE SAME OR LESS
TAE's 25 percent SHARE WOULD BE 11.3 Barrels per day!
QUIT FOOLING YOURSELVES!
