Currently, the well is producing 140b/d of oil and approximately 200mcf/d of natural gas.
The US based oil explorer operates this well, which was completed in the Frio 17 formation at a total depth of 9,500ft.
The company holds an 85% working interest and a 62.7% NRI in the well.
Strategic American said that the flowing tubing pressure was 600psi, and the well is flowing naturally.
Strategic American president Amiel David said that the company has identified numerous low-risk workover and drilling opportunities designed to sharply increase near-term production and cash flow, as well as proved reserves.
