Thanks for the info. As I understand it, one rig is a bit slower than the other but they get a 20% discount. From the reports, it takes about 3 months to set up and drill a well, so in a year they should be able to drill 3-4 wells for the faster rig and 2-3 for the slower one. That's not bad going. In total, they could have about 8 wells up and running by the end of 08! Wow!!
is this under valued, page-19
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