Just going by what one of the landowners said on yahoo a few weeks back, I remember him saying that when they were talking to Devon they mentioned that any well with 100+BOPD in Goshen County to them was a success and if the wells in Goshen County come back with 100+BOPD production then they would continue on with drilling their Goshen County land.
You can take this with a grain of salt if you wish, but I do think we will end up with a well flowing between 200-250BOPD, I think this will be commercial enough for us (with HAL still a JV) to go forward.
As with every new field they would have learnt a hell of alot from this well, and hopefully if HAL does go forward they can put what they've learnt into practice and increase production on the next few. I think SOA will be the bread maker in Goshen if we can get into them pods and prove up the 3D to see how much oil is there.
I hope TB from here proves up Roosevelt by the end of the 1st Quarter, as I think them wells will definately be commercial (500-800BOPD), but not mind blowing (1,000BOPD+). Then he can come back to Goshen County and have a better crack at it.
SSN Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
