Reabold Resources successfully tests VG-4 well ahead of pre-drill expectations
, the oil and gas investment company, informed investors today that it had successfully completed a test at its VG-4 well in West Brentwood, California.
The test was overseen by Integrity Management Solutions (IMS), the contract operator of the West Brentwood field in which Reabold holds a 50% interest.
The test, ahead of pre-drill expectations, produced oil rates as high as 1,029 bopd over a 19 hour period. The oil cut averaged in this test was in excess of 99.5%.
The well was then choked back and averaged 480 bopd as well as 742,000 cubic feet of gas per day.
With these positive results, the VG-4 well will now be prepared for production. Co-CEO Stephen Williams commented, “VG-4 flow tested above our highest expectations and fully supports our strategy of accelerating cash flow from the West Brentwood field.”
Reabold’s California drilling campaign is expected to continue on Monroe Swell.
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