RE: 250 - 400 BPDa multi stage frac requires a considerable amount of water to be trucked in ... rigrat2... are you sure the "fluid is coming FROM tyhe site or is it going TO the site?
as for the "rough" numbers... one needs to take into consideration a couple of things... whether this well is within the IOGC agreement...and the partner's (LEG?) Working Interest... BOTh will reduce that $14MM by half or more... and the Metrics still stand... a well WILL still cost $3-4.5MM ... a 10-20 well program... could probably get a discount on all services such that they could get the cost down to maybe $2-2.5MM/well...In any case... BWD is still looking at CAPEX near $20MM to drive production up near 2K BOED in the short term... and that to me screams more equity offers...
and I have No time horizon for this stock... I will be completely happy to hold what I got for 3-5 years... My post is more or less a caution for those folks (and there always seems to be an impatient "faction" on every board.) that expect a QUICK RETURN on their investment...