plan vs actual , page-32

"Is it realistic to expect it to be as good as the first?"

Hi 6ULDV8.
Realistic?
I would say no.
Sorry to dampen enthusiasm but the reality is that well 2 could be the 1% dud

Now I hope not. I sincerely hope it is going to be in the 99% and be a producer too.

What are the odds that it can be as good as well #1. Not good.
After all SG has indicated that they are surprised by the performance of this first well both in terms of the oil flowing to the surface and the quantity that they estimate is in this 40 acres. About double what they expected.

Hopefully they have chosen the location well based on as much data that they can gather. But it is unlikely to be similar to the first well.

That is why in my earlier post (last night) I calculated future wells as having a gross value of US$10 million ....half the value of the first well.

If well #2 does perform equally well as well #1 then that could prove to be very, very, very interesting indeed. Major re-rating then.