O&G Flow Rates, etc....John Ryan, the company's chief executive officer, stated: "We expect to have three oil wells producing oil by the end of the week. Minor maintenance may be required before additional wells begin producing. The water disposal well will be activated immediately and will receive third party water. The oil will be skimmed off thereby generating additional revenue."
These 3 wells now producung for almost 2 weeks. Anxiously waiting for more news on these wells. Junior miner w/ positive cash flow to reduce or eliminate dilution and/or dividend to shareholders? THAT would game-changer here IMO. Doing some research and Respol spent quite a lot of $$ in AB/SK since 2015. This divestiture seems like more of a corporate directional change than because these wells were necessarily unprofitable - certainly not at USD $70 WTI.