There is about nil chance we will see 200,000 mcfd, thats gross revenue for the well of nearly $1mil/day.
My guess is that well has not found the amount of gas that was expected but it has found alot of oil!
Going off the net feet pay, which I dont like doing because they seem to quote different figures all over the shop, we have similar gas feet and 4 times as much oil.
The big thing with flow rates is you have to remember they are only going to produce from the lower areas, then work up when completed. I would be hoping IP rates of around 3000mcf/d and 500 barrels of oil would be great. Settling down to around 1500mcf/d and 200barrels of oil.
This is all speculation. I dont know which layer the oil is in, how much gas there is etc. we really just need to wait.
Overall I am expecting the well to easily net us $3mil a year. Which would be amazing for a company of this value!
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