Oilex moving forward, page-27

A couple of things EOG is perhaps the most successful producer in the EFS. They are in the oil section and regularly report wells of IP +4,000boepd. EF wells are typically competed at between 10,000 and 12,500 ft. tvd, actual well depth up to 19,000ft including Hz section. Generally speaking the High GOR oil wells tend to outperform the Condensate wells, at least Marathon's do.

Marathon is experimenting on 20 acre spacing on some of its leases ( based on a 5,000 ft horizontal) Capital requirement will be enormous, but presumably becomes self funding when enough wells are flowing. Marathon alone has permitted 0ver 320 wells on it's acreage so far this year.I know this has nothing to do with Oilex, but gives some idea of the capital required

The eagleville EF oil field is pumped using surface pump jacks. Production does tail off very quickly perhaps down to 10% of intial 30day IP after two years

It appears that regarding well productivity, so much depends on the frac technique used.

If this is anything like the EF and Oilex are able to manage it, this could be HUGE.