Anson Resources (ASX:ASN) calculated the minimum estimated flow rate of 6,000 barrels of oil per day for its Bosydaba#1 well at the Green River lithium project in Utah through the existing tubing that was used during the exploration and test work program, based on data obtained from regular brine extraction from the well since the completion in April 2024, according to a Thursday Australian bourse filing.
This will allow the company to move forward with the plan to install a demonstration plant as it can supply the brine required without additional drilling or tubing replacement, the filing said.
The flow rate at the well can be increased by installing a pump at a specified depth to decrease the hydrostatic pressure, per the filing.
The company's shares rose nearly 2% in recent trading on Thursday.