RE: More Production Upside News This is very good news from the Delvina gas field.
Daily production of about 350 boe per day from the two vertical wells which should increase due to additional pressure growth post stabilization.
Also, no significant decline in production over the 45 day test period.
Development begins this summer, with 9 horizontal wells sheduled to be drilled which will have two substantial implications................capital costs will be less.............and horizontal wells typically produce 2.5 to 3 times the production of vertical wells.
Based on this, each horizontal well should produce over 1000 boe/day and up to 10,000 boe/day when all 9 wells are placed on production.
A significant portion of this will be NHLS which attract and premium price.
These results will Make SKO even more attractive to the 100 Chinese energy companies which will arrive in Albania very soon...