Diaz announces that it has been placed on notice fThis 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.