RE: A Comparison-repostArcan ran from $1.80 to over $4 when they released their first horizontal test
at Deer Mountain in late 2009. It was in a different formation, but tested 500
barrels/d. At the time, they had about the same number of outstanding shares as
V.ONL as well. I see this Ostracod well testing between 300 to 770 bbls/d based
on the vertical producers to the east. I lean toward the latter rate however as
horizontal wells flow 3-5x better than vertical wells based on the drainage area
they access. A vertical well will only see a couple hundred meters out as
opposed to a horizontal which is 1 mile long, and reaches a couple hundred
meters out from that perpendicularly when it is multi-staged fraced. Only 1
week to wait! Fish in a barrel.