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Tuesday, August 22, 2006 12:58:51 PM
One thing that is apparent from the table you so kindly included is that the decline rate is pretty pronounced. If this decline rate is typical, then production will not last as long as projected.
However, with all the wells in this field, it is less important that the reworked wells have a steep decline curve because, if the cost remains low to slot them, the payout is still mighty compelling.
Good body of work, spiras
ImperialWhazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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