Well i thought i would start a new thread regarding,our high impact drilling. I have googled information about the drilling of salt domes in the 1940s and coulldnt believe the production rates some wells achieved.
I know the glory days of Texas appear to be over (hopefully Maverick can change this perception).
Would anyone care to throw some possible numbers of oil, that could be recovered if we have success in our drilling campaign. boepd.
We are looking at a 10% success rate on previous drilling of this type.
I feel the companies average,with their 3d seismic and Baker Hughes anlysis,could be higher.
Any information would be appreciated and may put a reality check on my excitement atm..
FDM Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held
