BUDA Limestone’s Lightsey Re-entry posts I.P.

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BUDA Limestone’s Lightsey Re-entry posts I.P.

Initial Production at the Lightsey Re-entry is free flowing at 552 BOPD (barrels oil per day) and 827 MCF per day of gas, while water–currently about 46% of the recovery–is being pumped at 528 barrels per day, since it was retained under the “pill” during this re-entry well’s drilling phase.  Pressure is fairly constant at approximately 800 psi and as the water is reduced, the recovery ratios should get significantly richer.  Very encouraging.