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Re: maybe_this_time post# 15928

Thursday, 11/20/2014 8:31:55 PM

Thursday, November 20, 2014 8:31:55 PM

Post# of 17809
Most of the wells started out at over 750 boe a day. This decline is over a year into production. The 3.5% stake varies well to well and is not standard. Approx. 15 to 18% of the EUR is produced in the first year and the rest over a ten year period. These wells are also now being re-fracked for 350,000.00 for an additional 200,000 bbls boe.. These wells cost 4.2 million a piece to drill and they are all in the green after 1 year of production. You don't do that on 70 boe per day.. Please try to understand the business plan as I have laid it out here over and over again. I just gave you a very good example again tonight..

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