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Re: SeaOhToo post# 762

Thursday, 06/17/2010 9:15:50 PM

Thursday, June 17, 2010 9:15:50 PM

Post# of 7618
That's a great question. You sound very knowledgeable. Hope this helps some. The rest would most likely have to come from Will Grey, the CEO. The acquisition consists of 15 leases producing approximately 54 BOPD (8/8ths) with Working Interests ranging from 37.9%-100% with associated Net Revenues ranging from 32.3%-87.5%. Current production is from the Permian Age, San Andres Formation, which produces at a depth of 4,100 feet. This acreage is adjacent to other San Andres production and offers Doral the possibility of both down-spacing, to exploit un-drained acreage, as well as to stimulate current producers in order to potentially increase production.



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