OTCPK:OEXFF - Post by User
Comment by
ditchdigger251on May 04, 2018 4:43pm
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Post# 27985371
RE:RE:RE:RE:RE:May is here. Two well results are expected this month.
RE:RE:RE:RE:RE:May is here. Two well results are expected this month. I agree 100% with an early June IP30 public release. IBR doesn't want to release numbers that aren't IP30's at a minimum because they want their public data to be immediately comparable against other operator's public data. A more firm date will probably be given on the upcoming Q1 report but I don't think both wells were actually tied in and started up until late April (I expect the Q1 report to detail startup dates). The February vols in Accumap I think are related to the completion operations - some companies report volumes flowed during completions and other do not. I want to emphasize that these wells are loaded up to the nines with slick water and will require weeks of steady reasonably hard flowing to stabilize so take any reported February volumes with an extreme grain of salt. The goal of early inital cleanup flow is to use the energizer to get load water out, bring down wellhead pressure for downhole equipment installation (like tubing) and get the well to start cutting over to gas and oil to catch early samples. It's nothing comprehensive. Anyways almost at $70 which is GREAT NEWS! My advice is be patient. These Tourmaline pro's aren't BBI style pumpers. What's being done is deliberate, safe and logical with no hype or exaggeration.