In conjunction with the operator, the plan is to increase the production through a rework, which the operator believes will increase production to 10 to 15 barrels of oil per day.
There is existing proven developed production (PDP) and significant proven reserves with enough acreage for two offset future drilling opportunities on the same lease, according to the company.
The company said that the next step is to do an on-site inspection with the operator who will be doing various tests on the well to validate current production before doing the rework.
At that time, the company and the operator have planned to return to visit and document the progress.
