Dis, with regards to this comment -
"The Company expects that these extended lateral wells will support twice the reserves of a typical well.Importantly these wells will HBP two drilling and spacing units with just one well, generating cost savings and efficiencies through reduced infrastructure requirements. The Company expects that in full field development up to three in-fill extended long lateral wells can be drilled in each stand-up
1280-acre unit."
I would take it with a grain of salt until you see actual well data supporting the comment. Because to date it has been all talk no action, they don't even release 30 or 60 day production numbers on wells... and you can hazard a guess why haha... its a joke!!
Well over $100 million on development now and RFE's actual beneficial interest is only ~2000boepd... who are they kidding!?
- Forums
- ASX - By Stock
- RFE
- Ann: Monthly Operations Report
Ann: Monthly Operations Report , page-7
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)