Post by
anticline on Jan 12, 2010 10:45am
Diaz announces that it has been placed on notice f
This is one step forward and one step backwards kind of news. We have news that wells three and four are producing and we have news that well two has a sand and water problem. Total oil production stays about the same. OTOH the permits are there for 5 additional wells, so we should see an increase in boepd within the next 8 weeks if my guess is correct.
Also the new 100% WI area lies south of the new area of interest as well as down structure. This means that they will have to re-assess that area and find if it holds potential producing horizons. For now the action stays to the north.