EXPM:MXMSF - Post by User
Comment by
jagdipdaveon Oct 07, 2006 1:03pm
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Post# 11476078
Pennypicker4, Some Questions
Pennypicker4, Some QuestionsPennypicker4, your calculations are logical, but assume two major things.
1. 100 % success rate of all wells.
2. Based on that 1500-3000 Bpd production.
3. 300 BPD from this well
As per company's web site, they expect 100-300 BPD production from first well.
Would it not be more reasonable to assume 800-2400 BPD and put %age for success factor?
Do you have any idea if comapy has given any estimate about Oil In Place? How many barrels do you think they have in ground?