Comet (COI) drilled 25 wells 22 of which produced on average 31MBOs.
cost per well is less than $1M as drilled subvertical so to me it looked very profitable but welcome to be refuted.
THe poster who mentioned possibly concentrate on drilling lots of vertical wells may have a point AOK came out with some good earnings today they are slowly improving their total production by constantly drilling fracced vertical wells in the Eastern USA.
Comet (COI) drilled 25 wells 22 of which produced on average...
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