Can you imagine AKKs production profile in 1 y ..2y 3y or 5...

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gonegassed

13,783 Posts.

31/07/14

09:04

Post #: 13742736
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Originally posted by plough ↑

From results of HK specific to El Halcon looks like they have still got the 3 rigs going some of us thought they would drop to 2 nice average IPs I feel

"The Company operated an average of three rigs in El Halcón during the second quarter and expects to spud approximately 22 operated wells in the play during the second half of 2014, while running an average of three rigs.
Industry activity continues to ramp up, and there are currently 15 to 20 total rigs drilling in the play. Based on its own results combined with the results from offset operators, Halcón believes that its entire acreage position has been de-risked and well performance should be repeatable.
Progress continues to be made toward identifying an optimal well design. The average initial production rate for the wells put online so far in the third quarter is 1,091 Boe/d (93% oil). Completion modifications are ongoing and current testing includes increased stage length, tighter perforation cluster spacing, increased resin coated sand percentage relative to total proppant volume, using different surfactants and installing large bore frac plugs. Several artificial lift modifications also continue to be evaluated.
Halcón has approximately 101,000 net acres leased or under contract in the play, all of which are believed to be located in the core of the play. There are currently 67 Eagle Ford wells producing, 3 wells being completed or waiting on completion and 3 wells being drilled.'

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Can you imagine AKKs production profile in 1 y ..2y 3y or 5 years time ???

i see a Strong Growth in production , and AKK as a Cash Cow ..with unlimited potential in the USA .. like SEA

look at what SEA has become in just 10y in the USA with its Shale OIl developments .. now $1.40 from 5c .

To take advantage of that growth profile ..we should be buying into it today ..

AKK Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Can you imagine AKKs production profile in 1 y ..2y 3y or 5...

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