Manro, you can never tell with this share. Interest is growing each day and more and more people realising the potential here as witnessed by higher trading volume. We are due RNS on multiple fronts that can drop any day between now and end of year. No body wants to be out otherwise most certainly will have to pay 20% or so premium when any RNS drops in my opinion given how quick this moves. New investors waiting on the sidelines also might take advantage on Thu/Fri to get in if its quiet.
The significance of this result is observation of the extended production testing that has now provided the basis for application of a larger frac design as part of the Company's work program this year.
At the Dino#2 and T-#45 wells, recent re-frac completions of these wells during the month of June each achieved initial production rates of 726bbls per day and 186bbls per day, respectively. These wells are currently under observation for extended production testing and have also confirmed themselves as candidates for additional re-frac as the Company adds new equipment this year in order to be able to deploy larger stimulations with a view to achieving higher recovery rates per well.
Procurement of additional stimulation and related equipment to expand the Company's current fleet in order to undertake larger well-stimulation completions in the planned work programs is in progress and the Company expects the new equipment to be in field operations during the month of October.
Gas Window: Operations at the Udabno#2 well are in progress. Since May, operations have been delayed due to high bottom hole pressures and an obstruction that was encountered at approximately 3,300 meters that has required additional equipment to complete operations and prepare the well for testing. Frontera plans to undertake a testing program in October that is designed to evaluate an extensive gas-bearing interval of approximately 2,000 meters in gross thickness.
Since the first quarter of this year, new mapping has been underway associated with the extensive gas resources that Frontera has identified at the South Kakheti Gas Complex. This new mapping has revealed an approximate additional 15 TCF of gas potential and has served to move previous internal estimates from as much as 187 trillion cubic feet of gas in place from reservoir targets found between 300 meters and 5,000 meters in depth to as much as approximately 202 trillion cubic feet.
This new mapping work is integral to the Company's continued assessment of the significant gas potential it has discovered with its historical investments and will provide the basis for completion of the next independent report related to natural gas in the Complex. Due to the significant area of the South Kakheti Gas Complex that is related to more than 2,500 square kilometers that contain approximately 2,000 kms of 2D and 150 sq km of 3D seismic data, as well as more than 680 modern and historical wells, integration of this work has taken longer to complete than originally anticipated. As a result, the Company expects that the next independent report will be issued during the first half of 2017. In the meantime, Frontera is advancing its work programs based on its internal assessments and completed independent reports.
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