trinidad production

The 1st Nov report showed quarterly production for Texas and Trinidad (Range's interest only)of 97,000 Mcf gas and 51,146 B.

We know that Smith 1 production (Range interest) for the quarter was 38,947 Mcf and 3,115 B.

Also, that Russel Bevly production (Range interest) for the same period was 54,068 Mcf and 4,167 B.

Therefore total Texas production was 93,015 Mcf and 7282 B.

So, Trinidad production for the quarter was 97,000 - 93,015 = 3985 Mcf and 51,146 - 7282 = 43,864 B oil.

Daily average production in Trinidad for the last quarter
was therefore 43,864 B / 90 days = 487 bopd.

Now we have completed other wells - MD247 (20bopd) and QUN115. QUN 116 was at 725 feet (1000 feet TD)on 10/10/2011 and QUN 117 had already spudded by then. So these two wells must surely have been completed by now.It is possible that rigs 1 and 2 have also drilled two other targets since. We also know that Rig 8 was scheduled to target the deeper mid and lower Cruse formations.

Further rigs are being brought into play from Q1 2012 to target deeper Karamat and Herrera formations so we can expect a rapid ramp up in production imho.