XCD 0.00% 1.1¢ xcd energy limited

Over reaction for sure and in my opinion could bounce well...

  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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