RE: RE: RE: RE: RE: Something is cookin VCA Est .16 a share for 2013. 2x our current SP
RRX Est .53 a share for 2013 6x there current SP
Initial production rates (IP rates based on 30 days) of these recent wells have outperformed the Company’s forecasted type curve of 40 to 45 bopd and rank as some of the better wells in this play. Several wells have reached IP30 rates of 100 to 120 bopd.
Wells that have IP of 90 bopd have a payback of less than six month's.
.16 a share for 2013 looks very consevative at this point.