i was researching them pretty hard a few months back.
the difference with the olmos wells to the efs is the lack of massive decline.
swift had many failures in their early horizontal program, and are now highlighting recent successes.
whats nice about the recent successes is that they can now demonstrate up to 10,000 bo per month and have a very minor decline month on month.. so in a year a good olmos horizontal can easily, at those higher ip levels, match the flow rates of the efs horizontals and then hold them a lot longer. and at considerable lower well costs.
Talon actually has in the last month put in 2 olmos permits off the same pads the efs wells are located, so they are preparing to run a few laterals this year.
there are 2 massive olmos oil fields that have produced over 1 million bo south east and north west of the sundance acres, within 5000 feet of the leased area.
imho with the successes of the olmos horizontals on the lease boundaries to sundance, makes the Talon owned olmos field is imho very low risk.
SEA Price at posting:
91.5¢ Sentiment: Buy Disclosure: Held
