RE: RE: RE: M-16 - Company Maker Well!!! Cub has not doubled production with this well.
From the press release:
"The M-16 well commenced production from the S5 zone in late May and produced an average of 2.71 million cubic feet per day (0.81 MMcf/d net) of natural gas during the first 4 days after tie-in."
Well produced (2.71 x1000 / 6 = 452 BOE/d
Net to Cub = (0.81 x 1000) / 6 = 135 BOE/d
"Gross natural gas production for KUB-Gas during that period increased to approximately 28.5 MMcf/d (8.55 MMcf/d net to Cub) or 4,750 barrels of oil equivalent per day (1,425 Boe/d net to Cub)"
The KUB-Gas company of which Cub owns 30% is producing 4,750 BOE/d after the tie-in of the M-16 well (1,425 BOE/d net to Cub)
The company is currently producing ± 1600 BOE/d