Replies to post #11911 on Value Microcaps Junior Energy

[Bobwins]

Sandridge and Chesapeake have drilled the most wells and they seem quite happy. Range hit over 1,000boepd with their JV with Austex. I think anything above 250boepd IP is a good enough well to payback the 2.5 to 3.5 million well costs. I think most are in the 250-500boepd IP range. Not Bakken peaks but also not 8 to 12 million per well.

[Ed Ajootian]

jersey, OEDV's Miss. play is not in Osage County, its in Logan County, many miles to the southwest.