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Re: RickKayne post# 3229

Wednesday, 05/15/2013 5:06:17 PM

Wednesday, May 15, 2013 5:06:17 PM

Post# of 5439
I believe that the wells in this area, with this particular heavy oil, have been averaging about 3 barrels a day per well. That's based on previous 10K reports. Daybreak has rather low production costs, particularly for incremental wells feeding the same production facility. These are not high pressure gushers, but 6 or 7 wells will, if successful, give a great boost to incoming cash. 21 barrels a day does add up fast relative to Daybreak's overall size, and gives them funds to move into more of their property.
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