Needless to say, the added perf won't do squat for theunderforming lower level well. You know that. Then their will be some other excuse as to why it's severly underperforming. These are suppose to be hudge high pressure fields capable of supporting a several wells. And well number one in this zone is a dissapointment. Just like Coho, which was suppose to do, what? Three, four times what it's producing. Thus the major risk here, and it is very real,--and it is the reason the stock is sitting at 70 cents====is what are the actaul reserves for casandra? Four or five wells was suppose to give us 200mmcf---along with, of course,5000 bopd of high value liguids. Needless to say, their fantasy as far as liquid to gas ratio, has dwindled, just like the rest of their story.
So here we sit, if we are lucky, two more wells, 4 in total for casandra will give us 90mmcf and piddly liguids. That is less than 40% of the value stream if one takes into account the high value of liguids, which of course bring in 4-5 times more cashflow per boe.