AXT 0.00% 1.4¢ argo exploration limited

Substantially Undervalued, O&G Situation in play, page-51

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    Some weekend research material that you might want to take a look at

    373-30826 ALABAMA-COUSHATTA UNIT 6 on THOMAS COLLVILLE survey (1995 drill 14,320ft) lease 156614 total production 24.01 BCF & 1,267,500 BO (14.45MMCFGD & 1,020 BO).

    https://rrcsearch3.neubus.com/esd3-rrc/index.php?profile=17&search={"item":[{"key":"api_ft","value":"37330826"}]}# Pages 8 23 24 26 57 63 67 95 97 are of interest.

    On page 23 it shows the calculated Absolute Open Flow (AOF) of the well @ 46.7 Million cubic feet a day from 2 intervals of 9ft & 39ft
    373-30836 ALABAMA-COUSHATTA UNIT 8 on THOMAS COLLVILLE survey (1996 drill 14,651ft) lease 162363 total production 22.36 BCF & 1,045,500 BO (14.40MMCFGD & 973 BO).

    https://rrcsearch3.neubus.com/esd3-rrc/index.php?profile=17&search={"item":[{"key":"api_ft","value":"37330836"}]}# Pages 16 17 19 46 67 86-89 92 95 101 104 are of interest.

    On page 16 it shows the calculated AOF of the well @ 100 Million cubic feet a day from 2 intervals of 22ft & 20ft.

    hTTp://archives.datapages.com/data/gcags/data/062/062001/3_gcags620003.htm?q=+textStrip:"double wells"

    These are massive calculated AOF's, but please remember that wells are normally never flowed at anywhere near these rates, as to do so would damage the well matrix and dramatically reduce the amount of reserves ultimately recovered from it. That is why the other numbers from the 2 wells are much lower, these are the actual production numbers.

    LOTM
    Last edited by Last of the Mohicans: 18/09/15
 
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