OTCQX:GXOCF - Post by User
Post by
traderlong2on Jan 06, 2020 6:47am
215 Views
Post# 30521160
adding some BPD
adding some BPDwith oil rising this is great timing by gxo to start turning back on these shut in wells & their production.
will be interesting to see what BPD they can get after new fracking round
the tested and tried one in august tripled its current production from 50 bpd
Granite will enter 2020 with five shut-in wells (approximately 250 bbls/d of oil production capability) that have been actively re-pressurized by the Company's EOR program since Q2 2019. These wells will form the basis of its recompletion program planned for the year, which will commence mid-January 2020 with its second recompletion. The Company has 11 additional wells identified as potential future recompletion candidates