InvestorsHub Logo
Followers 33
Posts 2023
Boards Moderated 0
Alias Born 06/30/2011

Re: Pwm31 post# 10091

Friday, 12/13/2013 11:10:12 AM

Friday, December 13, 2013 11:10:12 AM

Post# of 14747
Quote from one of the news releases.
The Mississippian "Osage" play was kicked off in 2012 by the drilling of the Unit Corp #1-21H Overall (section 21-25S-10W) which was drilled to a total depth of 8,115' and was completed in June 2012. Cumulative production for this well during the first five months has been reported as 30,226 barrels of oil and 20,375 thousand cubic feet (mcf) of natural gas, equating to daily rates of 201 barrels and 135 mcf). Since the completion of the test outlined above, there have been 30 horizontal locations filed for permits. Currently there are 12 producing horizontal wells, 11 undergoing drilling and completion, and an additional 20 wells permitted in the area. American Petro-Hunter is targeting a potential of 200 barrels of oil per day at initial production rates from its development wells for planning purposes
But I dont know how much they are producing now. I know they were targetting for 200 barrels per day.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.