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geoscience2

07/21/08 11:39 AM

#4245 RE: jonesieatl #4244

So, when excluding Moffat and PV, they produced a gross amount of ~150 BOED's in March (~75 BOED's from Hanson at ~55%/Dutch Slough at ~15%/Webb Tract at ~30% and ~75 BOPD's from Temblor east/west). Therefore if they actually are producing 2,000 BOED's now, I would assume about 150 BOED's is coming from their gas production (75 from existing and 75 from Moffat [2,000 Mcf/D]) and about 1,850 BOPD's is coming from their company wide oil production (75 from standard daily rate and ~1800 from Confidential PV wells).

Of course the question remains, can they average at least 1,800 BOPD, everyday, at PV when using intermittent steaming, soaking producing operations for each well. I imagine they can achieve that rate and much more when they get all their wells drilled and have their SAGD design (if thats what they plan to do) in place and fully operational.

Geo