TSXV:ABS.H - Post by User
Post by
711666on Mar 09, 2008 8:38pm
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EXPECT 6.43 BBls/day
EXPECT 6.43 BBls/dayODE'S 9 PALAHATCHIE WELLS PUMPING PRODUCED 42,249 BARRELS OF OIL IN 2007
42,249 BBls DIVIDED BY 9 WELLS = 4694.3 BBls of oil/well/year AVERAGE
4694.3 BBls of oil/well/year AVERAGE DIVIDE BY 365 DAYS = 12.86 BBls/day/well
SO IF TAE/ODE WELL IS AVERAGE EXPECT 12.86 X (.5 TAE share) = 6.43 BBls/day!