Friday, December 21, 2012 3:28:25 PM
but he did not say, who, when, how much or anything like that,
he makes sure he is not spilling any Insider type stuff,
But I did read some time back, (think it may still be on the web page) where they do have other Lease Oil Options for other close by fields, so maybe this is the deal here,and I did hear say before that they planned JV's, beleive they got these options from some guy name Sam.
Not saying this is what is going to happen here as I don't know for sure, but I believe I do know that the existing one that is being slowly developed by them now is in Craneberry PA. if any of this helps...
The wells are shallow wells and as far as I know only producing somewhere between 2-5 BOD, but if you get enough wells up it does add up at todays cost per barrel. I believe the other fields / options have more wells than this one too....
What I have been asking about is the potential to increase the volumes,
it seems to me if you have straight down traditional drilled wells that produce small volums, and you know that there is some oil in the ground, that if you could do horizontial drilling which exposes many times the area that you cover in finding and extracting oil, it just makes sense and since these are shallow wells it would not be all that expensive or at least do one of the better ones to see what the new yield and percentage would generate.
Don't get me wrong, I am no Oil Expert, not trying to pretend to be, just what I'm thinking, No more, no less, so don't read anything into it other than here is this strange poster with all kinds of ideas..
MC
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