Vin123 the first NSE well , not sure about the second, had a lateral of approx 5700' and 19 stage frac. With a 24hr IP of 705BOEPD , AKK's first well the lateral was 8000' and 30 stage frac. With a 24hr IP of 1066BOEPD
So lets see, for every $ Million spent AKK achieved a 24 hr IP of 118 BOEPD , for every $ Million spent NSE achieved 108 BOEPD so nothing in it really,NSE had a higher oil %.
Just a rough guide to show that you need to compare wells and results to establish if we are spending more versus others in regards to results but every player needs to reduce costs where possible.
Very little is as it seems..
Cheers Whisky
AKK Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held