going forward

My interpretation of the presentation is pretty positive, (Rare considering I have been to the last three).
Ambition is to be cash flow positive within 6 months.
120 barrels a day from 2 wells is the target, once all leases are unitised then a target of 2 wells per month can be aimed for, ( There are currentlly 35 wells in the field). 2 mill barrels is the target for a water flood, a further 2 mill with a chemical flood (Lower Shannon has never been flooded!!).Trussler 17 to be drilled as a production well and cores taken for Chemical flood feasability.
Grieve was discussed at length and CO2 is back on the table at favourable terms,JV could be sooner rather than latter,my interpretation (not announced).
Niobrara could be a dark horse, follow reports from this formation with interest, work is currently under way to the NW of Grieve on a Horizontal well in this formation (Bill Barrett Corp).