Gene #1-22H (30% working interest) .... "Industry experience using this technology is extensive and routinely executed, with wells in the immediate area producing at initial rates that exceed 2000 BOPD. However, in light of the well construction (being about half the horizontal length), such a rate is not expected for the Gene #1-22H. It would be reasonable to assume that an initial rate of between 300 to 500 BOPD might be achieved."
Seems to me they are talking well not 30% of the well.
SSN Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held