End of day action.For those still remaining in PXM, good luck, 3.5 Millin shares exchanged hands through 455 trades.
New high today at
.55.
Byron was a big buyer, and of course Anonymous was a big buyer and seller but as we know, any brokerage can use Anonymous (712,000 bought versus 1.22 million sold).
The first well hit - after perforating, gas flowed from a Pliocene sand at a stable rate of 4.2 million cubic feet per day on a 24/64-inch choke with a flowing surface pressure of 1,550 psi. Condensate was also produced at a rate to be determined. Production tubing and wellhead equipment are currently being installed prior to further flow tests and pressure buildup analysis. This was from 40 feet of pay zone. Interesting to see how much condensate was produced and what more information further analysis provides.
Does anyone know how long the remainder of work at well one will take?
And how long to get to testing well number 2 with 100 feet of pay over 4 zones?
Anyone also have any information on the current well that is being drilled? It seems as though this could reach depth by or over the weekend.
Good luck. We all need all the luck we can get.