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Posted On: 03/23/2017 2:04:13 PM
Post# of 129
Presently, the Molori and Ponderosa partnership is producing approximately 380 BOEPD from the State A and the State C leases, as well as continued work-overs from other leases in inventory. This demonstrates a 35 percent increase from our prior update (production as of January 1, 2017) of 280 BOEPD, and an 850 percent increase from our initial investment that was producing 40 BOEPD in June of 2016. A new reserve report will be commissioned by Molori within the next few weeks, to adequately reflect the increase in RTP (return to production) reserves.
https://finance.yahoo.com/news/molori-energy-...00571.html
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https://finance.yahoo.com/news/molori-energy-...00571.html
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