re: Ann: Kansas well intersects 350 feet of M...
Suzette, looks very encouraging but I'm happy for anyone to look for flaws in the logic. They have demonstrated uniformity and consistancy of oil formations at the Snake River sweet spot, they have told us that they currently have 969 boed with 8 wells to be tied in to production in next 6 weeks, 2 new wells a month being drilled (so a total of 16 more to go down this year)which all adds up to 2000/2500 boed over next few months, by Xmas or early next year. Research tells us there could be full field development of 137 wells at 40 acre spacings or 250 wells at 20 acre spacings which is of course further down the track. On top of this we have a few wildcats being sunk in Kansas which is not the main game to me but may give a bonus.Guess we just have to stay patient! Coldfish
AOK Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
