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30/09/10
15:11
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looking at the report further regarding Gene
currently producing at 380 BOEPD (350+30), and that's after nearly 8 months.
this ties in with my thinking Gary will produce at around 400-500 boepd for the 90 day production...with slower decline rates after that.
so longer term for all 4 net
(Genes net is 121 boepd to us)
I'll estimate 500 boepd (incl. a 20-30 barrel dribble from the first 2)
Looking further ahead to the Three Forks formation, giving recent average IPs at 60% of current middle Bakken wells.
we could be producing 800 beopd from our Bakken acreage within 12 months, at best imo.
giving annual production based on 300 days average for 240,000 barrels oil equivalent per annum
or US$18m per annum revenue fully developed
*this could also be enhanced by downspacing to 320 acres which is a bonus. (also suggested as possible by TB)
just a bit of forecasting
all imo
DYOR please
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