GREY:ARWJF - Post by User
Comment by
RIG500on Dec 20, 2012 9:59am
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Post# 20755044
RE: davpro
RE: davpro At $1M per month, they can drill 3 Charlie lake wells every 2 months....at $0.65M per well. That's like 300-400 bopd of production to replace declines. Or they can drill 1 Leduc well per month for 200-250 boepd to replace declines....(~$1.1M per well)
They key here is hitting the $1M per month the CEO mentioned in his interview...after that I would not worry about declines too much as they can be mitigated.