TAE JV, Oil Lesson 101, on ODE'S FLOW RATESHERE IS A LIST OF ALLEDGEDLY SUCCESSFUL RE-WORKS OF ODE! JUST THESE FEW NEWS RELEASES ADD UP TO 406 BBLS PER DAY and that didn't include all the reworked wells!
THATS 12,180 barrels a MONTH ( 30 days)
THATS MORE THAN ALL THE OIL ODE HAS PUMPING NOW
NOTE THEY STATED 30 WELLS PRODUCING!
LOOK OVER THE NEWS RELEASES AND LOOK AT MONTHLY PRODUCTION JPG AT BOTTOM OF PAGE AND COMPARE!
AFTER A COUPLE OF MONTHS WHY DID PRODUCTION DROP???
MOST PEOPLE WITH LIMITED THINKING SHOULD BE ABLE TO COMPREHEND SOMETHING DON'T ADD UP!
WERE ALL THE NEWS RELEASE WRONG????
IS THE Mississippi Oil & Gas Board WRONG???
IS THE WAY ODE REPORTS THE OIL FLOW (remember ODE completes the WELLS) SOMEWHAT MISLEADING?????
Odyssey Petroleum Corp. Completes Flowing
Oil Well in Pelahatchie Field
(September 5, 2006) Odyssey Petroleum Corp. (TSX-V symbol: ODE) (the “Company”
or “Odyssey”) is pleased to announce that a new recompletion in an existing well at Pelahatchie Field, Rankin County, Mississippi initially flowed at a rate of 450 barrelsof high gravity (48 degrees) oil per day with no water; with flowing tubing pressure of 420 psi on a 20/64th choke. Placed on a 9/64th choke, the well flowed approximately 200 barrels of oil per day with no water and with flowing tubing pressure of 640 psi.
Currently the well is flowing at the rate of 75 barrels of oil per day with no water and flowing tubing pressure of 840 psi - the small choke put in the well to restrict production while the production personnel worked to make more available room in the stock holding tanks over the Labor Day weekend. When more room is available, the Company plans to produce the well on a 7.5/64’s choke and anticipates that the well will continue to flow between 120 to 150 barrels of oil per day.
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Odyssey Petroleum Announces Update on September Production
(October 19, 2006) – Odyssey Petroleum Corp. (TSX-V: ODE) (the “Company” or “ODE”)
September Operational Update
The Company produced approximately 10,396 gross barrels of oil, and produced approximately 19,061,000 gross cubic feet of gas during September 2006. To take advantage of the current high oil prices, the Company continues to employ two work-over rigs on a full-time basis in order to not only maintain current production but to also target and re-enter other previously abandoned wells in its fields where new production might be acquired. Current oil prices and new technology for locating bypassed oil/gas accumulations makes the re-entry of wells already drilled and cased profitable. With 30 wells currently producing and another 20 or more previously drilled wells scheduled for reentry and work-over, the Company expects to continue to increase its revenue base while holding valuable leases by production on which it plans to drill new wells.
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(October 25, 2006) – Odyssey Petroleum Corp. (TSX-V: ODE) (the “Company” or
“ODE”) is pleased to announce that it’s four well re-entry program at Verba Field, Jasper County, Mississippi is proceeding well.
Having successfully re-entered, cleaned out to total depth, logged and evaluated the first two wellsin the program, the results thus far have exceeded management’s initial expectations.
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(November 14, 2006) – Odyssey Petroleum Corp. (TSX-V: ODE) (the “Company” or
“ODE”) is pleased to announce the following update on it’s four well re-entryprogram at Verba Field, Jasper County, Mississippi.
The Company has successfully completed the third of its’ four well re-entryprogram at Verba Field. This well - which was reentered and cleaned out to 10,340 feet, then evaluated with a Baker Atlas pulsed neutron log; revealed ten potential oil zones containing a cumulative sixty feet of possible oil, according to Drew Maness, P.E. and Vice-President U. S. Operations.
Perforated yesterday in the 9800 foot sand, the well flowed on a two hour test at therate of 156 barrels of oil per day with no water.
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ODYSSEY COMPLETES ANOTHER 100 BARREL PER DAY WELL.
Vancouver, British-Columbia - November 17th, 2006 : Odyssey Petroleum Corp. (TSX-V: ODE) is pleased to announce that a new re-completion in an existing well at Pelahatchie Field has tested over 100 barrels of oil per day. Pumping through an 8/64th choke with 250 psi, at 4 strokes per minute, the well produced at the rate of 115 barrels of oil per day with no water on a 24 hour test. Completed from perforations in the 10,700 ft Rodessa formation, the well was put into immediate production.
