XCD 0.00% 1.1¢ xcd energy limited

flow from the a zone, page-10

  1. 500 Posts.
    Over reaction for sure and in my opinion could bounce well tomorrow or coming days. Market isn't bearing in mind these are verticals only. Horizontals can have you-name-it amount of stages along the horizontal drill. So right now they have 8bopd from one section of a vertical. Say they now drill a horizontal and go with 20 stages, that's 8 bopd per stage potentially, so 160bopd for horizontal. Not bad for niobrara. While you can't exactly extrapolate like that, it's not a bad way. I really haven't seen that many successful verticals from the niobrara, but horizontals are certainly rewarding.
 
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