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
GGP Price at posting:
1.0¢ Sentiment: LT Buy Disclosure: Held
