GREY:SCSZF - Post by User
Post by
puntabeachon May 18, 2013 1:58am
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Post# 21415056
BHL well: IP-30 = 620 bbl/d
BHL well: IP-30 = 620 bbl/d Q1 2013 results prove how oil rich BHL is. The latest well gave IP-30 of 620 bbl/d EXCLUDING the natural gas. I quote:
The Company successfully drilled and completed one (0.4 net) horizontal Beaverhill Lake well during the quarter at 12-25-063-10W5; however production testing was not initiated until very late in the first quarter with little to no sales volumes occurring in the first quarter. Subsequent to the quarter end the 12-25 well was tested for a total of approximately 33 days with cumulative oil production, estimated from field data, of 20,450 bbl over this test period for an average initial production rate of 620 bbl/d of oil. The 12-25 well was shut in April 30, 2012 and the Company currently anticipates that it will come back on production upon the installation of surface pumping equipment early in the third quarter of 2013.
In the meantime, PEKISKO remains a solid source of production although the company has not spent much on it but tries primarily through waterfloods to increase its production there.
SCS owns 110,000 net acres of Pekisko.