DJ,
If you have a look at page 12 of the latest presentation, 9000ft TVD of SRH#5, puts us right smack bang in the CLINE...
With frac costs of $5m for a 7500ft lateral 38 stage FRAC
From page 19 of the latest presentation, they are saying that all the recent Horizontal wells with a 7500ft lateral and 38 stage fracs, have IP'd @ over 1000 boepd.
Cline horizontal IP anyone.......
SRH#1,2,3 &4 combined
+ DL3
+ Bowtie west
+ 10% of 2 EF horizontals
No wonder the stock price has not plummeted on the notes announcement, way too much potential...... IMHO
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DJ,If you have a look at page 12 of the latest presentation,...
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