re: Ann: Red Fork to Double East Oklahoma Lan... And don't forget the oil at West Tulsa.
10 wells drilled there by the end of the year - if each produces as much oil as the wells tested so far (about $2 million pa worth) then 10 wells at West Tulsa is worth at least 40 or 50 wells at EOK...
And so cheap that the gas coming from those wells should more than pay the costs, so the oil is pure profit. I think the West Tulsa oil alone justifies are much higher SP.
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Ann: Red Fork to Double East Oklahoma Land Holdin, page-27
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