bit of information on the Pierre formation in Colorado on the IOG ASX release today , they also make a reason not to invest in tight oil due to fast depletion rates, guessing they are referring to the likes of the Eagle ford shale on their last slide .
Sorry I do not know how to paste and copy a image into AKK.
As mentioned by Comonaussie the Stifflemire well has a decent flow think he mentioned close to 900 barrels a day for the first 2 weeks if we got say 800 barrels a day average for first month and then for the fifth month extrapolated to 1/2 that flow rate of 900 barrels so 450 barrels a day then how does the total flow for the well look after say 2 years production ?
And what would the total production up to say 2 years be ?
Just thinking from a cashflow basis using Stifflemire as an example and guessing a net back of $45.00 a barrel then multiplying by 0.3 to get AKK's share.
Any ideas so can refute IOGs reasoning that tight oil is a not a good investment?
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