Yep..you know the biz. Those are big capital raises needed. Do you know the bonus/acre cost in those areas? CEGX is going to find a lot if money. We have 3/4 of a section with a possible Chester siltstone about 5k' depth. Our operator/Geo did a vertical nearby a few years ago that's doing 100-150 BOPD. We are waiting and thinking about doing a lateral. I think we paid about $50k for our lease....480 acres. We also have 3 Wells doing about 40-60 BOPD in the Hope lime at 1900'.
We have a well on the one lease we can re-enter and go horizontal into the Chester siltstone. A 4 day drill @ $16K/day to go 1000' lateral + $12K to complete for a total of $76K. A vertical well into the Chester nearby is doing 100 BOPD after 8 yrs of production.
News 
Market Data 
Discover 
