operations update, page-102

Too true Sharks.

Clearly there are some that don't understand what IRR is.

So I wonder, if the well produced (as in past participle of the verb produce) say 100,000 barrels of oil over the next 10 years, would that be considered commercial?

I am especially curious in the responses from Buc, Rock, SUDS if they would answer.

Not a trick question.


Second question, 10 years - 3650 days approx, and if 90% of those days were available for production (which is high) thats 3,285 days or about 30 bopd each and every day.

Given what we know about shale oil declines, what production IP 24 hours or 7 days or 30 days would you think is needed?

Again just curious as at some point TB will give IPs.


Only commercial wells give you a return on your money.

A non-commercial production well pays you back some of your capital cost of drilling that well.