OTCPK:OEXFF - Post by User
Comment by
Ditto99on Apr 02, 2018 3:02pm
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Post# 27816241
RE:RE:RE:RE:RE:Type Curve From New Hz's
RE:RE:RE:RE:RE:Type Curve From New Hz'snew management, new share structure, new balance sheet and new completion techniques that directly offset Hammer Head and Velvet ROCKETS.
Not to mention they currently trade at $800/acre and $20,000 per flowing boe vs comparables at $3,000-4,000/acre and $50,000 - $75,000 per flowing boe.
IF they get the wells Velvel and Hammer Head have, this will re-rate. Looking for 400bbl/s oil and 1000boe/d as base case IP30 per well. Could be as high as 500bbl/d and 1250 boe/d based on offsets within a couple of km.
One hint that no one is talking about is their mention of upgrading the tubing. You only do this if your original tubing is too small and restrics inflow, just saying.