StockMarketWire.com - Reabold Resources said two wells in its California portfolio had achieved commercial flow rates.

Contract operator Integrity Management Solutions had informed the company that a perforating and swabbing operation at the Burnett 2B and Burnett 2A wells had been completed.

'Commercial flow rates have been confirmed at both wells, which are the third and fourth wells in the Reabold California portfolio to achieve this,' the company said.

Multiple zones were perforated in both wells and the swabbing runs resulted in oil flow from all zones prognosed to be hydrocarbon bearing.

Pumping units were being mobilised this week, with the final permanent production facilities expected to be in place within the next two weeks.

Reabold said it would inform the market as to the flow rates achieved once the wells were on permanent production.




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