Howdy whisky49
What a read many thanks
I really like this part slide 7
http://www.antaresenergy.com/wp-content/uploads/2011/11/2011-ARIC-Presentation-ASX.pdf
"A: Best place to find oil is in an oilfield! Antares’ purchase of the Southern Star project area from Clear Water, Inc. represents an attractive, proven position in which Antares has gained access to
Long Life, Low Risk Reserves
# 1P Reserves of 12.6 MMBOE
# 2P Reserves of 27.0 MMBOE
# 20+ Year Reserve Base
# Current daily production of approx. 1,400 boepd ramping up to over 5,000 boepd in 2015 with a dedicated drilling rig.
Acreage Position
# 3,120 acres in the heart of the proven Wolfberry Trend
# Over 200 MBOE per well EURs - Area is in one of the highest known EUR trends in the entire Wolfberry Trend.
# Over 100 low risk development well opportunities.
Growth Opportunities
# Due to fractionated ownership throughout the Midland Basin, numerous opportunities exist to add proven projects within the proven play area."
Then the next 3-4 show pictures of the permian basina dn in particular the Wolfberry
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Slide 14 show the production rates and further on shows declines.
Overall Comment
Well worth the time to read
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