SM,
Here is more about our neighbours:
Apache: 28B
Range Resources RRC = 12B
Laredo = 2.7B
What are we doing there with 9m mc LOL....
Canyon Shale:
Possible location of 200 wells - low budget 850-950K per well which means we can drill another 6 to meet our initial 9 vertical wells target within 2 years.
Chline Shale - upto 60 wells but require a lot more funding... may be a JV or debt funding but this would be horizontol well so production would range 120-700BOPD.
recent three wells:
These may produce something ranging from 60-200 BOPD....
Cheers
SM, Here is more about our neighbours: Apache: 28B Range...
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