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18,150 Posts.
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20/05/13
07:30
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Morning Fitza.
The Nevada leases are shale plays as I read it.
My take from this is that TTE drilling here will involve laterals. These type of wells are far more expensive than the current salt dome wells.
On the other side of the ledger of course initial production rates can be upwards of 1,000BOPD.
Balanced against that are more rapid decline rates.
With the Bakken and the Niobrara the decline rates are similar.
Exciting times ahead for this junior O & G producer.
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