The oil will come out very economically once they sort their methods out. US$30-$40 bucks per barrel should be a cake walk in 1B and provided they can suss out the best drilling and completion methods, however, I’m not getting excited over A2 or A3 remediation and this MAY outfit has far from demonstrated any skill when it comes to the completion job on these wells. If not A2 or A3 Im guessing at least one of the two more wells in 1B will be a great success this year - if at all drilled this year. I have my reservations in this regard, too, going off past form.
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