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      The J&M#1 project ( J&M#7 well) - updates

      The J&M#1 project ( J&M#7 well) - updates

      This well has a daily minimal production of 1-2 barrels of crude oil, so we sell approx. a load of oil every four months. The well is currently closed (Shut-In) due to defective pump unit which must be replaced as soon as the service company has time to come out, expect price of this replacement will be 5000 - 6000 USD, so we should expect a longer period before dividends will be paid again.

      We have also investigated whether there should be other zones in the well that could be producible, which unfortunately is not the case.

      If you want to resign as co-owner of well then you must contact us.


      EnerGyne Resources