Griffiths Energy International Inc. disclosed high flow rates at the Badila-1 well in Chad and provided other operational updates, including conclusion of a previously disclosed internal investigation.
"Griffiths Energy has made considerable operational progress across its concessions and we remain on schedule and budget to deliver first oil in Q1 2013," said Gary Guidry, President and Chief Executive Officer. "Of particular interest is the initial constrained flow rate of approximately 3,000 barrels per day of light sweet crude oil in a test of the Badila-1 discovery well. The test, which was part of the recompletion of the Badila-1 well drilled by a previous operator in 2002, suggests an estimated unconstrained flow rate of 7,500 to 10,000 barrels per day with assisted lift."
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