Seneste nyt – Ritchie Waterflood og Ritchie#1 projekterne

20. oktober 2020: Seneste nyt – Ritchie Waterflood og Ritchie#1 projekterne

Update on the Ritchie #1 and the Ritchie Water Flood - Anthony introduced the microbes about a month ago into both the Ritchie #1 well and the Ritchie Water Flood wells(producers and injectors).

The Ritchie #1 has seen the no change in production during the last month.
The well is still making 1-2 bbls of oil per week, about 4 bbls of water per day and 20-25 mcf/day gas. WE did sell 80 bbls of oil in September. In addition I was able to re-negotiate our gas contract with Colt(Our gas
purchaser) and it should get us about 10% more for our gas.

The Ritchie Water Flood production has also not changed much in the last month. We are making 1-2 bbls of oil per day and 8-10 bbls per day of water.
WE did sell 86 bbls of oil in September. Hopefully we will start to see some oil production increase soon.

Gary