CanAsia Energy Corp V.CEC

DD8

[crocks31]

so did I read this correctly that DD8 which was oil producing last update will now become the water disposal well as was originally planned? What do folks think will be the next steps for this stock? Just prepare Thailand for sale early next year and liquidate?

[vkny2015]

This would be good if they do, but they want to drill another apraisal well mid February and hopefully we will have clear picture by then. Take in consideration that a lot of producers loosing money at this oil price ,POE cost to produce is around 6$ per barrel

[Bulldog8mystock]

  Below is an explanation from Jeff, makes a lot of sense. "DD8 is still approx 300bopd, but in a very down dip position close to the oil water contact. Oil at DD8 will, over time, be produced updip at DD7. The main impact of the well was unexpected reserve adds through an increase in reservoir net rock volume in the region DD8 was drilled.  Current daily water disposal