target prices, page-7

If they flow 500-1000 bopd from Surprise, regardless of whether it's the vertical or the lateral, the short-term price is going to be determined by speculation rather than fundamentals IMO.

Look what happened with JW-1, and that was just from oil shows and "OIL FLOW LIKELY."

Long term it depends on the volume of oil in place. If the Pacoota is charged as well as the Stairway we could be looking towards the 'high' side case and 5 million barrels or more of recoverable oil.

But that will all take time to work out. If you're in it for short term gain, ride the speculation wave I reckon.

Just keep in mind there's still a good chance it won't flow an economic rate even with a lateral if it's really tight or if it's not fully saturated. In which case the "did not flow to surface" ann is going to see a SP massacre IMO...