Are WCL's extraction costs low?
Several of Meridian’s new high-performance
dual-lateral wells, which had been taken
off line during the previous quarter for
work-overs, were placed back on pump.
Production recovery from these wells
has been disappointingly slow as water
levels drop gradually, with some requiring
additional work-overs
If they need to workover holes on a regular basis then the value to an acquirer will be at the lower end. The quality of the field IMO is actually very important.
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