A 'successful' flow rate depends on decline rates, but I would be looking for a 1 year payback. For a $80 net oil price and $25m drilling/completion cost that would require 850bopd average for the first year, not taking into account gas production. If there is a gas cap then the bopd required will be lower, given the extra gas production. I would still like to see higher rates, especially given the N2 has a seemingly full interval of high quality sand with analogous strong water drive. I would not be surprised to see a 500+ bopd rate in the N2 alone - but am wary of the oil/gas composition, at least for initial production, especially given management wording around a gas cap.
Anything less is not necessarily a failure - depending on decline rates.
I'm impressed that you gave a straight answer!
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Ann: SM58 G6 BP01 Well Logs Pay in the L2 and N2 Sands, page-83
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