Oilexco estimates production from the three wells in Brenda and one well in Nicol will average about 30,000 barrels of oil per day during the first full year of production.
Oilexco has a 100% working interest in both the Brenda and Nicol Fields located in Blocks 15/25b and 15/25a, respectively.
At Nicol, the company has a 70% revenue interest which will revert to 100% once 1.25
