Get in: RNS out16 Feb 2021 07:10
470bopd 1.9mmcfd
West Rustavi wells WR-38Z and WR-16aZ (the "Wells") have been on continuous production since 28 January 2021 and 3 February 2021 respectively and production rates are currently 790 boepd, comprising 423 bopd and 1.9 MMcf/d of gas, representing a substantial increase when compared to the rates achieved before the wells were shut-in during April 2020.
Production across all of Block's portfolio is currently approximately 940 boepd, resulting in estimated future revenue for the Company of approximately US$920,000 per month at current oil and gas prices.