I thought this thread was worth re-visiting as punter expectations need to be in the ballpark.
A few stats from AKK and Halcon operations in Burleson County where these wells are/will be located...
-AKK Birch#1 (vertical only) IP rate 95 BOPD... -AKK Birch#3 (HZ) problematic (Austin chalk) but good oil shows...never completed. Should be a target for Halcon to revisit as its part of the acreage deal.
ENTER HALCON...
Drilled 7 wells...
-(av IP 894 BOPD) -Peak IP this far (IP 1262 BOPD)
Therefore, IMO if we achieve IPs between 700 and 1000BOPD, over 4 wells, the averages should approximate Halcon's 7-well success rate.
These numbers are REALISTIC EXPECTATIONS based on solid data averaging, and would validate AKK re-rate to material producer
AKK Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held