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re: gathering momentum - salty My only concern is that people...

  1. 172 Posts.
    re: gathering momentum - salty My only concern is that people will not know how to interpret the testing results. Flow rates in the Monteray aren't spectacular, but the wells there produce for decades without much decline.

    Flow rates in the couple fo hundred barrels are to be expected, but if they drill horizontal wells later once they better define field size they could expect rates up to 2,000 bpd.

    If the field is as large as expected you could potentially drill several hundred wells on it. Now that is a lot of cashflow!

    All good things come to those who wait.

    BTW, did you read the OPL report? I think there are a few other brokers initiating coverage of OPL over the next few weeks.
 
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