One of the ongoing problems has always been when Hemi says "This well is going to show excellent production rates..." and all the while they're thinking in proper terms for the "norm" in the area. Meanwhile, some reading such a thing on iHub start asking themselves "What does that mean?" and when they answer themselves it becomes: "That must mean 100 barrels a day! Maybe 200! I'll bet it could even be 1000! Oh! but to stay pragmatic I'll have to accept that they may have to choke it back to 500!" Which with minimal investigation into "norms" of SE Kansas, one would quickly find out is pretty unreasonable.
From the KGS (Kansas Geological Survey) website, here are links to the reported production from these two wells (actually the whole lease). Others here on iHub will tell you that these numbers from KGS are inaccurate and not complete but since Hemi hasn't released any audited financials for over a year, I have to base my investment money on something concrete. Might as well take a chance on the official government agency.
The Sturgeon-Hemi 1:
2007 139 bbls. 2008 nil (that's oil field lingo for nada)
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