DLS 0.00% 69.0¢ drillsearch energy limited

I've just been back through all the reports and presentations...

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    I've just been back through all the reports and presentations that I could be bothered with (last three quarterly's, 04/05 agm, excellence and upstream etc) and from what I can work out I reckon that an average well that is successful produces between 25 and 30 barrels per day for us.

    starting from when I could find two different references to Mulberry 2/3/5 producing 140 and 153 barrels per day through to the Excellence and Upstream presso the other day that said current production 500 bopd.

    I've also read a bit about the various recovery rates (3-5% hoping to move to 15% - 25% if they are lucky) all I can say is:

    I now just have on my piece paper where every week I say to myself okay thats another two or three new wells that are c & s so just add multiples of 25

    so doing the maths iit is

    1/08 500 bopd - crossed out
    3/08 add in Endeavour 6, Talgeberry 9 and Minni-R1 so make it a cool 575
    my prediction for tomorrow

    Whynott 1 will come in okay and we will go whynott drill some more...
    Endevour 10 will come in okay talgeberry 10 will come in okay and I'll cross out 575 and go 650....
 
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