OTCPK:WSRLF - Post by User
Comment by
SwissCheese12on May 16, 2017 6:28pm
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Post# 26252206
RE:RE:crest
RE:RE:crest Coach, this from a press release on April 10th 2017 : The acid stimulation was completed on March 31, 2017 and Sarqala-1 is currently producing at a stabilized rate of 7,100 barrels per day ("bbl/d") which is close to the limit of the surface equipment in its current configuration. This flow is being achieved on a 48/64 inch choke with a wellhead pressure of 5,800 pounds per square inch ("psi") and with reservoir drawdown of only 220 psi. This compared to a pre-stimulation flow of approximately 5,000 bbl/d on a 40/64 inch choke with a well head pressure of 4,150 psi and a reservoir drawdown of 2,150 psi. The current results represent a 42 percent increase in production rates. There continues to be no formation water produced. Further significant production increases are anticipated once the configuration of the surface equipment has been optimized.