V-H said: "anyhoo - we will find out if that is accurate or otherwise in 6 weeks or so."
True. Or maybe even longer. One curve was a 30 day figure, which probably doesn't give a meaningful prediction and the others are (if I read it correctly) are wells that are 600 and 800 ft apart. They have said that 600 ft is too close and 800 may not be ideal, either, because of leakage between them - depending also on the intensity of the fracturing.
Presumably leakage results in lower pressure in each well, which results in lower initial, and perhaps ongoing, flows.
But does this affect the EUR (estimated ultimate recovery) for each group? This ought to be the question that needs to be addressed, as it is what will ultimately determine the Company's fate, and WF's willingness to lend.
FDM Price at posting:
4.6¢ Sentiment: None Disclosure: Held
