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enthalpy

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enthalpy

Re: WildcatDriller post# 15941

Sunday, 11/23/2014 12:45:25 PM

Sunday, November 23, 2014 12:45:25 PM

Post# of 17809
I assume the decay rate on the wells is fairly rapid for the first year or two and then stabilizes over the next 5. You were saying that 20% of the reserve is recovered in the first year. Then production drops to around 100-150 Barrels/day and stabilizes. They get to claim the reserves on the books plus the earnings per share. That is a double win. I really hope they build a multi billion dollar company. I will hold this for several more years. Thanks for updating the small shareholders!

How long do you think it would take to drill 200 wells with the short supply of oil drillers in the area? Two years?

Enthalpy
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