The operator (Royal "T" Oil) has notified all participants that the state lease 16152 #1 well has been connected and turned on.
There will be approximately two weeks of work on the well to remove water build-up. It will then begin production and will be flow tested for 3 to 4 days to settle on an average daily flow rate.
This well has proven approximately two million cubic feet of gas per day. This is an extremely good well, and Apex, with a 6.25% interest, would be expecting monthly income of approximately $15,000.00 after working interest and royalty.
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