trading halt, page-22

Just to try and supplement all of Wobbly's research on here, big boots to fill I know :) and I appologise if it has been mentioned before.

If it is the Mississippian play, here are some facts for people to look at. Sandrige is a big player in the Mississippian shale and I have gone through a recent presentation on their operation.

Average cost of a well is $2.7M and the average flow over the first 30 days is 233boepd. The peak flow increases with time and the last 30 days of oil flow is not necesarily lower than the first 30 days but for their first 18 wells it = 193boepd (used the first 18 wells because they have been running longer than 30 days).

M&A activity in the area are paying on average $14 per barrel.

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDA0OTU1fENoaWxkSUQ9NDEzNjUzfFR5cGU9MQ==&t=1