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Even @BrokermanDaniel has now put his ramp in
https://twitter.com/BrokermanDaniel/status/1788851427286081827?s=19
Flow rate
https://twitter.com/WealdOilers/status/1788915308255727906?s=19
Uggly100
They are not my flow rates, that is the average flow rates from wells in the area. Reach oil's other wells in that area are producing on average 33bopd per well. The official USA figures show Andrews-1-17 as flowing at 20bopd, yes it could increase and I hope it does. Time will tell.
CT5
Not negative just factual comments against your fictional comments.
The USA well data shows it as flowing at 20bopd, now that might increase after the well cleans up but can't see it getting to your 150bopd.
20bopd is classed as a successful well in the USA.
According to official figures, Reach Oil have 7 low cost wells in the area each producing on average 33 bopd = 231bopd.
Reach Oil And Gas Company, Llc is currently un-ranked in the state of Oklahoma based on a total production of 458,675 barrel of oil equivalent (BOE) reported during the month of 01-01-2024.
The company has an estimated daily production of 231 BBLs oil and 231 MCF of gas, coming from 7 actively producing wells in the state.
In my maths that is an average of 33bopd
Most wells in the USA are classed as being commercial on 20bopd. That's because as DB keeps saying, costs are a fraction of what they are in the UK.
Looking at Google Earth pictures of Reach Oil sites in that area, the set up is very similar, 2 to 3 large ish storage tanks. Approx 1000 barrels of storage.
Worth a read
https://jpt.spe.org/hundreds-of-thousands-of-stripper-wells-massive-liability-or-golden-opportunity
Https://twitter.com/UnionJackOilplc/status/1788452875330371969?s=19
Https://www.flowtechenergy.com/inventory/tanks-vessels/400-bbl-steel-production-tank/
Storage tanks are 300bbl's or max 400bbl's each one.
Or
https://media.salvex.com/auction/p/1829898/182989735_547520_lp.jpg
It looks like they have sold at least 1 tanker load of 1267 crude oil
https://twitter.com/WealdOilers/status/1788229907320807436?s=19
CT5 / Ujoukus.com
Keep writing your blogg
In the US, 20 to 30bopd is called a success.
You keep quoting 150bopd, what a ramper.
The market does not believe you.
The more you post the more people are put off investing. They can't believe any thing that comes out of your mouth.
The market clearly did not trust this mornings RNS.
No great rise as expected by CT5 but the fact is, It's going down.
UJO / DB if they are going to put information out they need to be far more open about it. Major discovery has now gone to Commercial but with no figures. Looks like the market has decided Commercial is 20 to 30Bopd. That is a success but not what the market calls Major. DB needs to be more careful on the words he uses in the RNS'S and on his X account
CT5
UJO is not excelling, the share price is still well down from it's high and longterm investors are well down.
Andrews-1-17 news is good, but it would have been better if they were honest and stated the test flow rate. Saying it is commercial mean sweet FA.
Is it flowing at 20bopd 50bopd 100bopd and how much gas?????