another 7-10 days to finish drilling Bigham and 1st Permian infill to be drilled late July - all seems to be on schedule!
CB results must be close, no timing given though? My read on the Davenport coals (which they are raving about) is that because they are so thick, greater production can be anticipated from the resource, greatly improving the economics of any project. Maybe only verticals needed vastly reducing development costs etc.
Current production of 82 boepd (29,858boe/365)is cashflowing admin and nothing else. STX need more production in order to supplement Louise decline so Permian infill is timely. These wells "should be" quick to drill and hook up to sales!
Shame we have to wait so long to frack and get production from EFS!
All up, very happy with progress! SP a bit sad at present but all CB players have been slammed recently, STX no exception.
Cheers
HC
Ann: Quartlery Activities -30 June 2012 , page-2
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