club sugarloaf, page-27

hi kakoii,

i for one am not that confidant of the re frac of ken#1 considering that they drilled blindly into the unknown.
for me if they bring up less than 1,000 barrels a day i would consider the well a duster.
we must remember that adi only have a 14% NRI, this well is costing us an absolute fortune.

but i am looking forward to the next well which we have 3d"s to locate natural fractures hence saving us the money to frac.
we must have spent close to $17million dollars for a return of 40 barrels a day, and some people would say it was a successful frac ( that's rubbish ) we have waited 2 years watching and learning from next door, and what do they do ? a lite water frac which returned 40 barrels LOL so what did they learn for $1million haha i know...... use a acid frac, so to me they learnt nothing over the two years.
hopefully the next well will be better using 3d"s.

good luck all.