We dont know much about the foreclosed wells other than there are several of them. I dont know about the spacing on the 1600 acres for the wells, but I think it might be safe to say about 20 or more wells on that amount of property. Maybe one every 40+ acres. I dont see why they would be after foreclosed wells if they werent profitable unless they produce about 10 barrels a day each and are fairly inexpensive. The sanders area that is to be resumed in the spring is the area that is flooded and I believe the wells in the area produce in upwards of 30 barrels a day from briefly glancing at other production rates in the area. One of the main companies in the area is pryme oil and gas. they have alot of information on their website.
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