RE: RE: News Release
This is something I am confused about as well. You have to remmeber that when they tested RH6, I believe, they tested 3 different resevoir zones to get the 12,000 BOPD flow rates. Since then they have only tested one zone for each new well:
RH6 - Los Cuervos - Barco 6,206 bopd
- Ubaque - 3,340 bopd
- Guadalupe - 3,302 bopd
- Total - 12,847 bopd
RH7 - Los Cuervos - Barco 5,019 bopd
RH8 - Los Cuervos - Barco 3,927 bopd
RH9 - Los Cuervos - Barco - did not test - only 4 ft of pay?
- Mirador - 6,750 bopd
How come they have only tested one zone per well for RH 7,8,9? In all of the news releases the total net pay zones are comparable in size although they do fluctuate from zone to zone. Is it because they don't think the other zones are economical? Is it technical reasons or is it just for "scheduling" purposes. Maybe they plan to come back and tap into these other zones as the producing ones begin to deplete? I don't know myself. Anyone with a little more technical knowledge care to comment?
Crackiedog