Remember last year when I made mention to the Monterery shale...

Remember last year when I made mention to the Monterery shale and now we have it in lower Stevens as well.

Solimar mapped it at a well per 15 acres and given that the Monterery shale covers Paloma this ives a potential of 180 wells. If this is discouned by 25% it is still 135 wells which equates to 108,000bopd. Proven data suggests that the monterery gives up about 350,000boe per well which gives a potential of 47.25mboe.

My question TShirt is when and who will be the farmin partner? Given that NEN have 85% of Paloma it sounds like a good set of numbers to me with little or no risk. I guess the only barier is when the experts have completed the research and come up with a case for a farmin partner.