GREY:SDRYF - Post by User
Comment by
straightupon Jul 08, 2010 5:45pm
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Post# 17255103
RE: RE: RE: Under .24 cents now !
RE: RE: RE: Under .24 cents now !Your numbers are wrong. They need 257 / well to meet that target.. Please quit with the caps and try to be a little less intense
3000 - current 1200 = 1800. 1800 divided by 14 wells = 128 per well *2 since they get 50%
= 257 bopd to meet target.
4 existing wells to be fraced and ten more this year
The upside is Al Amir SE #6 has hit and will add to production shortly. The rig will next move to the Al Ola # 1 exploratory well. (remember from the cc Nubia formation typically produces 10 000/bopd) One exploratory well will also be drilled in KO later this year after the 2D seismic is looked at. I like this part from the last news release. The seismic will be used to further dilineate previously identified leads and prospects. (they should have a good idea what is there, they owned it once before.) Said Arrata also states I am also looking forward to exploring the vast potential of the undrilled acreage of Kom Omba.
Lets not forget that they will be doing horizantals later too. Production per well should will increase by 3-4 times.