The flow rates from the May Jon wells won;t be huge. If they get 100 - 150 bopd that would be great, especially as they are 100%. That would push us over 1000 bopd.
Don;t forget we have 7 wells awaiting completion and many are fraccing as of yesterdays report which is last weeks report.
Look at the numbers - 114 wells next year.
These are only vertical wells , have less reserves etc but will be very lucrative as they are cheap.
Fraccing issues in the North Dakota is no issue. They stop oil flow there they will stop 5% of US oil production (I think) and so will never happen. The us are stopping their reliance on imported oil and so shale is where it needs to come from.
SEA Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
