RE: HUR - The most Undervalued/Oversold Oiler trading in UK markets today!25 Feb 2022 08:49
Guys, maybe I am missing something but we already have a well waiting in the background - Lincoln Crestal 205/26b-14 which was suspended awaiting regulatory approval before court hearing and before OGA timespan for doing something for well ran out, why can't the company reapply?
·; Maximum stable flow rate of 9,800 stb/d on ESPs
·; Lincoln confirmed to contain light, 43° API oil
·; No formation water produced
·; Well now planned to be suspended as a future producer
Testing of the Lincoln Crestal well recorded a maximum stable flowrate of 9,800 stock tank barrels of oil per day ("stb/d") with the use of electrical submersible pumps ("ESPs"). The well flowed at an average rate of 4,682 stb/d under natural conditions. No formation water was produced.