Current average 30 day flows are 620 and current declines for ip to 30 days is 34%
With declines then averaging about 5% per 30 days there after
So if they add 8 wells on approx Nov 10 at IP's of 900 average dropping to 620 we will have just from those wells
8*750= 6000 boepd till dec 10 then 20 days at 4700 extra
minus the declines on the current 7035 at lets say 10% its pretty easy to see we are going to smash through that 9000 exit rate
Even if we lower those IP's to say average of 8*650=5200 dropping to 3500 , we are going to be well over the 9000 mark... just on these 8 wells , yet guidance is for 10-13 wells so an additional 2-5 wells online should see us smash that guidance, depending on timing of the last 2-5 wells
I have emailed eric to ask why when its clear we have already exceeded 9000 boepd , why hasnt he updated the market to say that with a revised exit rate
SEA Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
