Turtle,Some good points there.
Maybe it would have been more appropriate to use the term horizontal drilling plays.
I am cautious as to the possible decline rates for these wells.Maybe 70-80% in the first 12 months????????????
I think we will need 30,60,90 flow rates before a realistic assumption of decline rates can be made.
This stock will be based on production performance in the medium term and until we have several months of productin data,it will be difficult to determine just how good this play is.
Im quietly confident of this company becoming a mid cap hydrocarbon producer in time.
All the best.
Add to My Watchlist
What is My Watchlist?