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D3 Energy Limited ( (AU:D3E) ) has provided an announcement.
D3 Energy Limited has announced a significant update from its production testing program at the ER315 site in South Africa, specifically regarding the RBD10 well. After a period of being shut in, the RBD10 well has shown a 39% increase in gas flow rate compared to previous tests, indicating a recharge from source rocks below. This development suggests excellent reservoir connectivity and potential for increased production, which could enhance the company’s operational capabilities and market positioning.
More about D3 Energy Limited
D3 Energy Limited is a company operating in the energy sector, primarily focused on gas production. It is involved in multi-well production testing programs, with operations in the Free State, South Africa.
Average Trading Volume: 373,628
Technical Sentiment Signal: Strong Buy
See more data about D3E stock on TipRanks’ Stock Analysis page.