OTCPK:OTTEF - Post by User
Post by
Darilonon Feb 24, 2003 1:30am
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Post# 5891890
Woodlawn payout/Petunia
Woodlawn payout/PetuniaPetunia has thrown numbers around about as well as Homer Simpson on the payout schedule for Woodlawn (if it is succesful). Stating 2, 3, 4 years and more for reaching payout is pretty far out there.
A 2 year payout for a 2.5 million dollar well implies less than 100 boe/d. Typical wells in the Hackberry trend are more prolific 300-500 boe/d being more typical.
However, we've all seen where Petunia is sowing his seeds - I wonder what he will reap at harvest time?