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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?


To: teevee who wrote (1829)2/18/1999 3:42:00 PM
From: Keith Minler  Read Replies (1) | Respond to of 2306
 
Hey teevee

There is some interest in what's happening, the size of bids for STF is quite high compared to a week and a half ago. Though; for some reason the bids are generally lower than the last trade. Looks like someone bottom-fishing, or anticipating a dip on less than exciting test reports.

Later

Keith



To: teevee who wrote (1829)2/18/1999 4:26:00 PM
From: Jim P  Read Replies (3) | Respond to of 2306
 
Hi Teevee,

My understanding this well is capable of producing over 10 million per day and up to 15 million. Rumor has it that they had her up to 5 million for a period of time but because all sorts of alarm bells were being set off and the proper equipment was not on site they had to tone it back.

Rumor also has it that well tested fine at 3.3 million per day with over 2000 lbs of pressure. As of Friday we are into a 10 day shut in period but I have heard pressure was back up after only two hours.

In concluding it is not that the well is not capable of producing over 5 million, as a matter of fact over 10 million and possibly 15 million, circumstances prevent them from doing so.

Have a good day.

Jim