RE: Nice 10 million buy just now !7 Mar 2025 14:36
CRCL
the EI-3 well peaking at >40,000m3/day (250 BOEPD) of gas
EI-1 well workover in the IRAI field, Brazil, confirms sustained gas production at 20,000m³/day (120 BOEPD / 706 Mscf), aligning with historical production rates
One well is currently online, producing 117 BOEPD (18,660 m³/day in October 2024), with two others shut-in pending workover operations
· Expected peak production from the IRAI gas field full field development could average >1,000 BOEP
🤔 $4.5m+ a year at current $4 Nat gas