Post by
duckhouse on Aug 04, 2005 6:47pm
FE was #2 pick on ROB this evening
(3700boe)?
The wells/area Find is drilling in & at the rate they have been drilling and completing these wells could and very likely will take their production from + - 3200boe (post Sask. sale)to 4000boe easily. This would be a current -ish figure (IMO) so imagine what the tally will/could be after they have drilled all 60 wells. Based on a high success rate (60) after feeling out the area, they would only have to produce 46.666boe/well to have themselves @ 6,000boe.
Yes the perfect world but....in that area a performing well can easily produce 2, 3, 400boe + + taking the pressure off the average of the success rate or the 47 barrels/well.
My sister's brother's cousin's uncle's paperboy's baby sitter said there is/was plenty of tanks sitting on some of these new locations and they weren't frac tanks....CAAAAAAAAAAA CHING!
Comment by
shotski on Aug 04, 2005 10:43pm
with who and what time????????? TIA