The company has converted the existing water disposal well (BN 95-1W) into an oil producer (BN 95-1), at an initial production rate of 2,700 bbl/d, exceeding management expectations of 1,500-2,000 bbl/d. Total current Bretaña field production is c. 5,500 bbl/d, August production to date is 5,000 bbl/d and the company expects to meet the 3Q19 target of 5,000 bbl/d. The company has spud the BN 95-4 well, which it expects to take 60 days to drill and complete.
21 Aug 2019
FLASH: Strong IP rate at latest well
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FLASH: Strong IP rate at latest well
PetroTal Corp. (PTAL:LON) | 48.0 -0.1 (-0.5%) | Mkt Cap: 439.3m
- Published:
21 Aug 2019 -
Author:
Stephane Foucaud -
Pages:
2
The company has converted the existing water disposal well (BN 95-1W) into an oil producer (BN 95-1), at an initial production rate of 2,700 bbl/d, exceeding management expectations of 1,500-2,000 bbl/d. Total current Bretaña field production is c. 5,500 bbl/d, August production to date is 5,000 bbl/d and the company expects to meet the 3Q19 target of 5,000 bbl/d. The company has spud the BN 95-4 well, which it expects to take 60 days to drill and complete.