So... Looks like the rest of this project can drill at shallower depths for greater than originally hoped for flow rates!
The market was still hoping for something spectacular, and given that + most of my watchlist in the red today, I'm not surprised with the sp movement (currently 2.8 - 2.9)
I'm curious about two things:
1. when the water issue came up originally, it was said that an option was just to let it drain out over time (as the water decreased from 1600 barrels a day to 400 barrels)....
Is the water still decreasing? Why is letting it all drain out not back on the table?
2. Zone 6 is responsible for 65%-75% of the 5.6mmcfpd flow (4mmcfpd) - An unfracced zone closer to the surface (Zone 7, right above Zone 6) has similar characteristics but almost triple the payload (20m vs 55m). WHOA!
Thats great. Now whats the plan with getting this zone fracced asap?
So... Looks like the rest of this project can drill at shallower...
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