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Re: mikek83 post# 19375

Saturday, 01/08/2011 12:27:01 PM

Saturday, January 08, 2011 12:27:01 PM

Post# of 30337
Great DD worth rereading: Nice Job Mike!


Summary:

Note that for each successful well in the area is expected to produce around 100 BOPD. Initially, the first well drilled according to the reading gushed over 100 Barrels per day. That would equal, based on my math, 30*100=3000 Barrels a month. Unless we are talking about Feb and since it is not a leap year, 28*100=2800.

Expected/estimated well lives in the area are 20yrs. Each well is expected to produce b/w 50k and 200k barrels and exceed 250k barrels from lake locations.

Also, an advantage to the La Salle area is Multiple "Stacked" oil zones through out the Middle-Wilcox formation in a MUCH LESS drilled environment. AND:

Catahoula Lake reservoirs are estimated to collectively contain in excess of 10 million barrels of oil remaining undiscovered in the Catahoula Lake and South Catahoula Lake

I think Chris Rainbolt knows what he is doing, long well lives, in an area that has millions of expected barrels of oil that are undiscovered, and one sucessful well can produce around 100BOPD for about 20 yrs. HMMMM....Sounds to me like we are in good, no great hands.

Hindsight is always 20/20, no arguing that but you always make way more money with foresight. Get some cheapies while they are out there and if you are loaded up, just know we have a great opportunity here to make some serious money.

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