all set, page-14

Our closest neighbour, Range Resources just released their quarterly activities report. Here is an extract from their report that talks about their Mississippi Lime wells:

"Range believes that in a development mode the horizontal Mississippian wells will cost $3.1 million to drill and complete with a lateral length of 2,200 feet and 12 frac stages. The cost includes $200,000 for an allocable share of the necessary salt water disposal facilities to produce the reserves. The average of our first eight wells is 485 Mboe proved reserves per well (120 thousand barrels of condensate, 204 thousand barrels of NGLs and 1.0 Bcf of natural gas). The economics, assuming 500 Mboe per well, is a 99% projected rate of return based on strip pricing with a NPV10 value of $5.5 million per well."

Looking good IMO.