BNP Resources announced results of work done to date under its November 2009 farm-out at Jensen. "Privco", the private company who farmed-in on BNP, has recompleted the 16-5-3-20-W4M well.
After completing 12 meters of pay section beneath the existing perfs, production for this well has stabilized at 90 - 100 bbl/day total fluid with a 50+% oil cut. The production facility at Jensen has been upgraded with additional tankage to accommodate this increase in oil production.
Privco will continue an optimization program to maintain or even increase oil production from the 16-5 well. Oil will be shipped to sales starting February 2010.
Privco is now moving on to complete the 5-4-3-20-W4M well at Jensen. Results of this work shall be announced when available.
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