RE:RE:RE:Sorryprofittaker1 wrote:
Copied fron the CKE board: DEE's most recent wells: 16-9-60-23W5, 121 bbls/mmcf, 14-21-60-23W5, 180 bbls/mmcf, 16-21-60-23W5, 170 bbls/mmcf. BBI's first 3 wells: 06-26-70-07-W6, 133 bbls/mmcf, 05-26-70-07W6, 341 bbls/mmcf, 2-20-70-7W6, 94 bbls/mmcf. LXE's last 3(4) wells: Mica 13-07, 287 bbls/mmcf, 13-19, 23 bbls/mmcf. 8-18, unreported bbls/mmcf. Mica 8-22, 161 bbls/mmcf. Also RMP's first Gold Creek well 3-22 averaged 50 bbls/mmcf.
Some of your stats show how those other companies have some real duds for wells. I don't see your logic. The Blackbird wells are outproducing the other companies in the above statement. 341 bbls is the highest one, plus bbi will get more out of their wells with stage completions than its competitors. I have invested in other micro-producers in the last 6 months. Every single one has gone down. Chinook has gone from around 54 cents down to 39 cents. RMP was always hanging around 92 cents, then it touched 67 and now in the low 80s. BBI is the only company that has gone up. The Blackbird land is together, not scattered like other producers, and also they have better land. Surrounded by the big boys. Some of the companies you mention have no majors near them, making it harder for them to buy because there is significant cost to extend themselves over the geography. Just my Opinion.