OTCPK:ATGYF - Post by User
Post by
vingoneon Oct 15, 2013 10:02am
235 Views
Post# 21816121
also news from ithaca, maybe this is why the drop in price
also news from ithaca, maybe this is why the drop in price
Further to the announcement made in August, 2013, diagnostic testing on the Athena P4 well has been completed and this has confirmed that the electrical submersible pumps installed in the well have failed. The net production impact of this has been successfully mitigated by the optimization of the other wells on the field and the processing facilities, such that it represents a net production deferment to Ithaca of just over 300 bopd. The options for reinstating full production from the well, via either a workover or sidetrack, are currently under evaluation.