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Fremont Petroleum Corporation Ltd has announced the J.W. Powell unit 23-25 wells is starting to produce strong crude oil and gas volumes, with a four-meter gas flare recorded, from the Niobrara Formation.
FPL is working on the installation of production facilities for immediate revenue with crude oil now flowing into the temporary tanks on location.
Managing Director & CEO Timothy B Hart commented: “These initial production volumes from the Powell #23-25 are building strongly and we now have another solid oil & gas producer on line in the Pathfinder Field. We are already collecting oil for sale which will add considerably to monthly revenue almost immediately.”
Please find Announcement attached: https://hotcopper.com.au/threads/ann-strong-oil-and-gas-flows-encountered-on-j-w-powell-well.4667301/
