Money mine mention, page-220

BigDaddy

Ok let me race through this rather spritely shall we so I can take out the trash all at once…

1. What’s the slick line doing?
Opening unproduced zones.
2. What for?
To provide production & pressure support to W6.
3. So no aqua cola?
Don’t think so dear.
4. What unproduced zones?
Don’t know. Ask the Company.
5. How is W6 performing?
Not as good as W5. It is a lower quality well.
6. Isn’t that a problem?
No. It’s a “known known”. Most of the 2P is in W5.
7. How is W5 performing?
Performing just like it was when first put on production test.
8. Yes but I want actual data!!!??
It’s tracking its 2P certification in the A Sand. The A Sand contains half of the 2P at W5
9. You said W7 is similar to W5?
Yes. So far.
10, How?
First of all, the W7 bottom hole location was changed because the new processing and mapping of Walyering revealed high amplitude blooms indicating lithology, hydrocarbons & sand thick fairways that weren’t apparent in the earlier mapping.
11. Tell me more…
This new W7 location shares the same trapping geometry along the North-South fault as the highly prolific W5.
12. I’m so confused, What does this all mean?
It means that STX had a pre drill target of a similar high-quality A Sand in W7 to W5.
13. Did they find this high quality A Sand?
Yup and thus validated their thesis. W7 shares similar properties to W5 (I.e pressures, porosity) but thicker with 50% greater net pay within a 7x larger interval.
14. Amazing! Wait… You.re an insider?
No.
15. But wait…Didn’t Tooter say…?
Tooter has a serious affliction. It’s called Strike Derangement Syndrome.
16. But what about Jaws, 11Tcf, Haber, “filled to spill”, “Volcanoes” and… ?
Move on son, or seek treatment.

Hope this helps.