I don't think Ripsaw is going to be the driver of the sp. It is only targeting 1 bcf, so if for example they get a rate of 3mmcf/d it'll be depleted within a year. 3mmcf would be the equivalent of about 150BOPD (BOE). After reaching TD, we'll no doubt have to wait a while to have it fracced.
On the other hand Gene is conservatively targeting 300-500BOPD with nearby neighbours doing much better than that. Although we only have 30%, in another 6 months we'll have 3 of these (+Leonard) so whatever Initial flows it produces, SSN will have this figure net after the next 2 wells are drilled.
Ripsaw will be a good income earner, especially as it is at no cost, but the Bakken wells in my view will be the company maker.
tuesday, page-3
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