hi slura, great info there, keep the research coming.
looked at that document last night after you posted, Sandridge Energys wells in this shale have flow rates that vary quite a lot, low 100s to over 800 boepd, lets hope for a start this will be what RFE have found and that the shale on our turf produces on the higher end of the scale.
Sandridge have over 400k acres in this area, hopefully their lower producing wells are miles away from us. Dont think RFE would bother using a credit facility if we have targets of say 150boepd from this shale, could continue on drilling red fork sand at far less cost. if this is the new development opportunity mentioned yesterday then certainly hoping for at the very least the average figure you mentioned Slura of 233, but would really be looking/hoping for 400+boepd.
you also mentioned M & A activity in the area, there have been some big deals done in the past but there also seem to be many JVs with smaller players, never really discussed this, wonder whether this would ever be a consideration for RFE?
RFE Price at posting:
39.5¢ Sentiment: LT Buy Disclosure: Held
