RMP ENERGY INC T.RMP

Upcoming Well Projected Depths

[ditchdigger251]

Here's some data picked off the drilling license applications for RMP's two upcoming winter Elmworth Hz's.  I just wanted to post it to give others an idea on the state of well design.

100/5-22-68-3W6 is 2220m True Vertical Depth (TVD) and 5050m Measured Depth (MD)

and 

102/5-22-68-3W6 is 2216m TVD and 5150m MD

Using a build radius of approx. 275m (an educated guess given the long reach of the laterals) the Intermediate Casing Point (ICP) for both wells is approx. the same at about 2375m MD.  That gives maximum lateral length estimates of 2670m MD and 2770m MD respectively.  That's a 70% average increase in lateral length over RMP's newest producing well (1600m lateral).  That will net some nice production and reserve gains.

[SigmaKappa]

Be curious on actual drill costs. With that depth, my guess is actuals will be much less then the c* royalty credit and these types of wells will be royalty sheltered for a long time.