Solimar Energy Limited Common Shares V.SXSH

RE: MacQuarie Wealth is buying like...

[Elwood32]

I think there is still speculation about the previous news announcement from Feb. Lets keep hopeful that this will be positive and who knows what the outcome will be.

• Solimar Energy (ASX:SGY; TSXV:SXS) will start in April production testing of up to 4 existing wells at its Kreyenhagen oil field in the San Joaquin Basin, California.

 

• The primary cold flow testing will be followed up cyclic steam injection, which will measure any production increases from the use of secondary steam enhanced production.

• Success may lead to acceleration of drilling additional vertical and horizontal wells using the low cost cold flow techniques to accelerate early production as current prices of about US$100 per barrel of heavy crude have resulted in a robust commercial environment for heavy oil production.