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Re: gb55 post# 17284

Saturday, 07/12/2008 5:14:50 PM

Saturday, July 12, 2008 5:14:50 PM

Post# of 20456
I agree with you that the 4000 boem will not be hit until that damn rain stops. They are, as previously stated, at least a month behind in 2008 production ability. It must be frustrating to sit with capital and leases and not be able to produce to ability due to rain.

As I understand, primarily from Nuggetman, the rain, in addition to causing access problems, causes pumps to be shut down due to drainage problems in areas that are accessible. One problem after another due to the unseasonal rain this year and last. However, we do know that the Allenergy crew is working 24/7 in ours and their interest.

It seems to take two months (average) to drill and bring a new well on line and producing. There still is amble time for reaching 10,000 boem production this year. That production would defiantly warrant a .50 to 1.00 pps.