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Point Loma Tests New Well at Rex Oil Discovery

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   |    Monday,January 21,2019

Point Loma Resources reported production test results for the Wizard Lake HZ 16-17-48-27W4 Rex oil pool discovery.

  • Final pumping rate for the Rex horizontal well in its IP24 was 305 BOPD (17 API) and 340 BOEPD.
  • The well recovered all load fluid during the test and ultimately recovered an additional 3,178 barrels of fluid of which 1,847 barrels were oil for total fluid produced during the test of 18,829 barrels.

The final test rate is above average expectations of the Corporation and would increase Point Loma’s oil production in excess of 100% (Current approximately 145 bopd, potential increase with test rate to 300-350 bpd net).



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