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The oil hedging program placed by our Managing Director Terence...

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10/10/14

09:36

Post #: 14104297
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Originally posted by ell1949 ↑

Average production rate in july 2014: 654 BOPD. Average rate for Bootleg 4-14-15TFH (28.386344% SSN working interest): 457 BOPD (129.72559208 BOPD NET to Samson). Average rate for Bootleg 5-14-15TFH (28.386344% SSN working interest): 330 BOPD (93.6749352 BOPD NET to Samson). Average rate for Gladys 1-20H (23% Samson working interest): 550 BOPD (126.5 BOPD NET to Samson). Add the average NET production rate of july to the NET interest of Bootleg 4-14-15TFH, Bootleg 5-14-15TFH and Gladys 1-20H: 654 BOPD + 129.72559208 BOPD + 93.6749352 BOPD NET + 126.5 BOPD = 1003.90052728 BOPD. 1004 BOPD is what we got RIGHT NOW when the "old" wells come back online and produce as much as in july (and don´t forget that Matilda Bay 1-15-HBK will get a re-work soon). Bootleg 6-14-15TFH, Bootleg 7-14-15TFH and Bootleg 8-14-15TFH probably getting frakked in the "last half of September" and Billabong 2-13-14HBK getting frakked by end of September. If one calculates very conservative and says Bootleg 6-14-15TFH, Bootleg 7-14-15TFH and Bootleg 8-14-15TFH will have the same average production rates as Bootleg 5-14-15TFH, we can add the following rates to the 1003.90052728 BOPD:.Average rate for Bootleg 6-14-15TFH (28.386344% SSN working interest): 330 BOPD (93.6749352 BOPD NET to Samson). Average rate for Bootleg 7-14-15TFH (28.386330% SSN working interest): 330 BOPD (93.674889 BOPD NET to Samson). Average rate for Bootleg 8-14-15TFH (28.386330% SSN working interest): 330 BOPD (93.674889 BOPD NET to Samson). 1003.90052728 BOPD + 93.6749352 BOPD + 93,674889 BOPD + 93,674889 BOPD = 1284.92524048 BOPD. But now let´s not forget Billabong 2-13-14HBK from which some say it will be as big as the Blackdog 3-13-14H well. The most recent production rate from 08/11/2014 was 555 BOPD. Billabong 2-13-14HBK´s working interest is: 28.7722% which would be 159.68571 BOPD NET to Samson. Now add this NET production rate for Billabong 2-13-14HBK well to the 1284.92524048 BOPD from above: 1444.61095048 BOPD. ends

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The oil hedging program placed by our Managing Director Terence Barr is a master stroke too, imo.

SSN Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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The oil hedging program placed by our Managing Director Terence...

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