At a very low pump rate producing 75BOPD, sweet for a dud well!
More importantly, they have learnt a MASSIVE amount of data from this well which we in reality may have paid a quarter of the current costs towards it.
Not saying they'll be drilling another horizontal for a while in Goshen County for us, but at least when there is they have a mountain of knowledge now to significantly decrease costs associated, as I think the jury is still very much out to increasing flow rates so if costs incurred can be decreased wells will prove much more beneficial.
Now we will have to wait for decline rates, let's hope in 30 & 60 days time it is still producing around the same rate.
Now to the vertical, c'mon SOAII SURPRISE US (positively)!!!!!!
SSN Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held