re: Ann: Kansas well intersects 350 feet of M... Coldfish,
30 day IP decays with time. Long term stabilized flow rates are probably 30-50 BOEPD with a % decline of 5-10% (ish). In addition you have various interruptions from tying in wells, maintenance, etc.
The monthly production rates are a better indicator of "real world" production values. It shows a very linear production increase in the months to to December. Not surprising since they have a linear drill program - 2 wells per month. Extrapolate this line and you get a 1000 BOEPD in around August.
The presentation indicates we will reach 1000 by 2H 2013. Perhaps possible given a lot of wells are coming on line / less interruptions as they move to a new production hub.
Still....valuing this as if it is already producing 1000BOEPD is bound to lead to frustration with the sp.
IMHO
Ann: Kansas well intersects 350 feet of Mississip, page-23
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