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Re: mdimport post# 39341

Tuesday, 03/17/2015 1:40:10 PM

Tuesday, March 17, 2015 1:40:10 PM

Post# of 96300
Btw, according to this definition, WOGI is drilling stripper wells per their own projections.

Oil wells are generally classified as stripper wells when they produce ten barrels per day or less for any twelve-month period. ..."


WOGI's projection from PR dated December 10, 2014:

"a collective oil average of about 10,000 barrels of oil for year one of the 10 well program"


Let's see, 10,000 barrels divided by 10 wells divided by 365 equals?

2.74 barrels per day.

Sounds like stripper wells to me per the definition that you provided.