OTCPK:STRXF - Post by User
Post by
invest39on Sep 10, 2015 10:59pm
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Post# 24094889
new appraisal well
new appraisal wellToday Strata-x announced a startup of drilling an appraisal well in the Lingle field. Checking out the feasability of another expensive hz well. They stated that the proposed hz well will be near the original hz well which once produced 300 BOPD. I suppose that is factually correct, but I bet the duration was less than a week. I just do not like that kind of hype. Wonder what the current production of that hz well is. It has been out of operation more than once. Sure would like to know their total production in IL this year. The oil business is by nature, secretive, so as not to tip off the competition. As a result, we all sit around trying to make decisions regarding our investments, without much reliable info. Crazy!