AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN) C; Target price of £0.45 per share: Good flow rate at RCE-4 – The RCE-4 well has been put in production. It has produced at a rate of 728 bbl/d (364 bbl/d net to Arrow) of 28.5 API oil with a 1% water cut from the C7-A and C7 Stringer zones over the last 24 hours. This is a similar result as at RCE-3 (24 h flow rate of 968 bbl/d gross/484 bbl/d net). As was the case at RCE-3, the RCE-4 well is also flowing na...
Summary Great Eastern Energy Corporation Ltd (GEECL), a subsidiary of YKM Holdings Group Company, is an oil and gas exploration and production company that acquires, explores, produces and develops oil and gas properties. The company explores for coalbed methane gas. It operates upstream, midstream and downstream projects in Raniganj south block and Mannargudi block. GEECL's Raniganj South block license area covers 52,500 acres of land and has drilled 300 wells in contracted area. The company's...
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