RE:RE:RE:Auctus update from todayBased on previous interviews and Nrs i believe the company already expected a certain pay zone.
AXL CEO Marshall said they expect minimum 360bpd net to arrow which would mean north of 800bpd. Marshall has stated these wells could produce 2000 bpd. Nonetheless all good news moving forward.
Sp is still dragging as we are only 5-7 pennies up from Jan levels. With drilling underway and holes being drilled every month from here on out this year, gets our Sp moving north pronto.
The only thing im concerned about it mangement hurting the sp and excercising their options once well is put onto production early May and not letting the sp stabilize itself in the 40 cent range where it should be
GB
EagleHasLanded wrote: 25 feet in unknow zone could mean AXL struck luck and found a Gacheta embedded Mirador zone. Historic data tells of 800-1500 bbls oils if indeed found. 25 feet of Mirador would mean upper range of pay zone compared to other finds.