Post by
dckillco on Sep 16, 2014 7:54am
Thanks to Placebo on IV
Just some bullet points I noted during the conf call. Wade expects UMU-12 horizontal at 5,000 16,000 existing + close to 15,000 behind pipe from new wells current brass pipeline has highest loss in the country with some 25% earlier this year new pipeline with 45,000 capacity (net 35,000) line loss averages 8% Wade said eventually they could have both pipelines producing at combined 50,000 -55,000 They will hire a second rig end of year/early next year to keep up development drilling Wade personally expects Marginal Field program not to start until after election next year he talked about the acquisition, said it's confidential but obviously deal has leaked to some extent he pointed out 2 main Catalysts for the near term 1) pipeline startup 2) acquisition to be announced very soon, Wade called it a game changer Cheers, placebo
Comment by
vestor111 on Sep 16, 2014 8:23am
Thx DC - I was just going to cross link to the IV discussion and presentation summaries.