Arc Resources has it figured out. J10 is not what its made out to be.... with all due respect Petro One.
Arc fully understands the production curve on their own properties in the area. Expect the three month average to be significantly less than 100 bbd. To suggest to the market that you are pleased and look forward to the 3 month flows is far fetched at the minimum. And to suggest that because other properties near to J10 have produced bigger numbers ..somehow its going to rub off on J10..... is far fetched too.
J10 is uneconomical to work. ARC has moved on.
Do you have money in the bank for the next hole?
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2013) - Petro One Energy Corp. (TSX VENTURE:POP)(PINKSHEETS:CUDBF)(FRANKFURT:C6K1) is pleased to report that the first horizontal well drilled by its farmout partner (a senior oil company) on Petro One's 100% controlled J10 property has discovered oil and appears to be a successful producer, having averaged 147.7 bopd for its first 17 days ranging from 108.6 bopd to 194.9 bopd
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2013) - Petro One Energy Corp. (TSX VENTURE:POP)(PINKSHEETS:CUDBF)(FRANKFURT:C6K1) is pleased to report that the Frobisher well recently drilled by its farmout partner at Bromhead, Saskatchewan averaged 107 bopd and produced 5,883 barrels of light oil during its first 1320 hours (55 days) of production