This was only a secondary target so the potential is there for much better results to come so a great start imo
“The Upper Mission Canyon zone was a secondary target in this well so with the benefit of an experienced operator, Anadarko Minerals, we have potentially discovered a significant new oil play in this area and with an additional two zones in the Mission Canyon still to be tested, even higher rates are possible. Importantly, we have yet to test the primary targets in the Charles B and Ratcliffe intervals, which well logs and an independent petrophysical analysis, all indicate are the most prospective zones in the well. Nearby wells in the field produce oil from some or all of these reservoir intervals.”
AOW Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held