RAW Energy announces the successful completion of the first well in Phase II of its development program at Rattlesnake Field. Initial production rates meet pre-drill estimates, confirming our geological model and development strategy.
The well targets previously underdeveloped sections of the producing field, expanding our operational footprint within proven areas. Infrastructure expansion is underway to support additional wells in the program, including the installation of production equipment and processing facilities.
“The performance of this first Phase II well keeps us firmly on track toward our mid-term production target of 700-1,000 barrels per day,” states a spokesman of RAW Energy. “Our team continues to execute our development program with precision, maintaining our focus on cost-effective production growth.”
The Company will proceed with its planned drilling schedule, systematically developing additional locations within the field.