Ann: Production growth to continue at Snake River, page-14

re: Ann: Production growth to continue at Sna... I thought the annc was "OK" - not brilliant not as disaster (although the HZ looks like a big miss (no pun))


Previous research states and as noted in the GMP report...

"Vertical wells, particularly AOK’s vertical well program, also deliver very sound economics. While SandRidge has moved to drilling horizontal wells, it previously reported an average EUR of 66kboe from a dataset of over 1,400 wells with an average IP of 110boepd and a 30-day rate of ~50boepd. With a well cost of $0.6m, it suggests IRR’s are in the range of 60-70% with an NPV of $1.2m per well. AOK’s recent vertical wells have significantly outperformed these results with 30 day IP’s of ~90boepd and an oil content of ~70%..."


AOK doing much better than SD - but then Nemaha Ridge seems like a sweet spot.

We are coming down from the 90 boepd IP30 - looking may 70ish.

Will allow for repeated releases of record production announcements - this market needs to be told what you're gonna tell 'em, then tell 'em, and then tell 'em what you told 'em!

You tell them Dan!