I'm sorry but I get the exactly opposite view from your questions. Yes, they are old, abandoned and possibly not produced.
That is supposed to bode well (no pun intended) for our well in the same small area? Now certainly the geology can be different in that small of an area, but how likely is it that we have a 50-100 BOPD gusher surrounded by a bunch of dead wells that never did much?
Yeah, we discussed it before. I am still waiting for the miracle to prove we found just the right magic spot a few hundred yards from all the near misses and dead wells that going to make us rich.