Broad Oak are over +9000 bopd now joey from 271 drills (late 2010). They were producing ~5000 bopd in March 2010 and pretty much doubled the production 10 months later to +9000 by fraccing and some new wells.
With >99% success, equates to ~30-40 bopd per well for some rough guide for us. Fraccing is improving wells here markedly.
The certainty of these wells, albeit smaller bopds than previous GGP initial flows in Louisiana, is a big change to the GGP status quo. For the better.
Mug.
GGP Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held