flow rate hit 1000bopd at 25% choke., page-5

Is everyone reading all the data available - both put out by company and the area.

This is a disappointing result (unfortunately) no two ways around it.

PYM's development model was for 2,000boepd IP and EURs in the 500MBoe - 750Mboe. (gross numbers). Don't see this one getting there.

Plus they increased their WI in this drill. Net Capex was about $4.8M I believe for this well.

Commerical flows - yes. Economic return maybe.

Critical now would be the IP30day.

Austin Chalk notorious high flow & high decline rate (much more so than shales).

Not opening position on this result.

GLTA