Sky, should prob be on the other stock forum ..... shale vs...

Sky,

should prob be on the other stock forum .....

shale vs conventional - shale has a "distribution curve" of expected recoveries .........versus conventional.....which has "risk" of discovery .....(as well as commercial risks post any discovery) .....

I posted a link - for anyone that wants to learn more abt shale plays / how decline curves are worked out / ave recovery per well etc etc etc .........

you may wish to chk said AR ......PDP numbers tell you the "expected" recovery from the 2 initial wells (prod to date, plus PDP at end period ......this is circa 130-140k bbl.'s per well.....plse "do the math" given the well costs and estimated opex costs ....... you then have the answer as to "why" the last 4 wells that have been drilled have been "chocked back" (ie they is trying to inc the recovery factor by slowing the prod rate ......b/c its a gas depletion drive mechanism .....)

anyhoo - back to CVN ....

rgds
V_H