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Bobwins

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Bobwins

Re: UIC Jeff post# 111

Monday, 04/11/2011 2:22:02 AM

Monday, April 11, 2011 2:22:02 AM

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I would assume that the 30 day rate is cumulative of all production thru 30 days.

Estimating a daily rate after 30 days is tougher. I would guesstimate based on the slope of the IP, 7 and 30 day rates. We know these wells decline rapidly.

I would go to Sundance's website. They should have a graph of a typical Bakken well as it moves thru it's production life. They should also have an average EUR for each well.

Bobwins

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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