I found the more impressive news on the investor presentation release today
-potential for 6 more wells to be drilled in 2010 under accelerated drill program, giving a total of 16
-a reserves update due July with potential for significant upward revision
-the 6 additional wells would be drilled in Sugarloaf and Ipanema
-modest need for additional cash in 2010 to meet the acceleration (page 16)
2011
-accelerated option for 41 wells
Also worth noting the increase in net acreage by 5% on the Longhorn announcement.
This is called acceleration. Do the numbers on cash flow for 41 wells in 2011. Enjoy.
turnbull #1h - frac nearing completion, page-2
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