From the Enegi news release :- This is stimulated flow, after an acid treatment. Their initial unstimulated flow was much less. If SHP results show a flow of any oil at all, say 10 barrels a day, we can be reasonably sure stimulation will produce results similar to these (in my personal opinion).

'Enegi Oil announce Garden Hill South operational update

Monday, May 14, 2012

The Well is in contact with a larger than anticipated reservoir.

As part of the test programme the Well was maintained for a period at a high constant bottomhole pressure of 228 atmospheres (3,350 psi) by using a 6/64" choke.

The Company is delighted to announce that the latest results from testing of the PaP#1-ST#3 well ("the Well") indicate that the connected oil and gas in place associated with Garden Hill South is in excess of 61.5 million barrels of Stock Tank Oil Initially In Place ("STOIIP") and 117 BCF Gas Initially In Place ("GIIP"), with the Absolute Openhole Flow Potential ("AOFP") expected to increase from 310 boepd.

McCaffrey Consulting Services Ltd., an independent consultant engaged by the Company, has advised that results from the last series of testing indicate:

¦ the Well is in contact with a larger than anticipated reservoir. Despite producing from the Well since commencement of a flow test on 3rd February 2012, there are no signs of pressure depletion in the reservoir. Had the mean connected oil and gas in place been at or below 61.5million STOIIP and 117 BCF GIIP, as estimated in Enegi's 2007 Competent Persons Report ("the CPR") for the onshore and offshore portion of Garden Hill South, pressure depletion would have been observed;
¦ as part of the test programme the Well was maintained for a period at a high constant bottomhole pressure of 228 atmospheres (3,350 psi) by using a 6/64" choke. Even heavily choked, the Well flowed at 156 boepd. Recently, up to 1,360 boepd was achieved when fully opened for 3 hours for an initial flush. The AOFP on an energy equivalent basis is at least 310 boepd at the sandface and is expected to increase after load water is flowed out;
¦ load fluid/water continues to be produced with the oil, with water cut averages around 15 to 20%. The trend, however, suggests that the Water Oil Ratio ("WOR") is declining as the load fluid is recovered. It is anticipated that oil flow will be enhanced after the bulk of the load water is produced;'

Of great interest to CQV/SHP shareholders :-

'As indicated in the CPR, the source rock for the Company's discovery and conventional leads are believed to be the Green Point Shale located offshore. Therefore, confirmation of such a significant volume of oil not only reaffirms the presence of a large and active petroleum system in the Port au Port Peninsula, but also reaffirms the confidence the Company has in the quality and size of the source rock and therefore the prospectivity of Enegi's assets.'