AOK 0.00% 0.3¢ australian oil company limited.

re: Ann: Production growth to continue at Sna... Increase in...

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  1. 886 Posts.
    re: Ann: Production growth to continue at Sna... Increase in production by verticals and some lower % non operated wells means not risking huge amounts of capital but still increasing production. This is a boring but sound strategy (kinda reminds me of the SEA strategy) given current cash levels.

    I think the verticals are performing extremely well.

    The Mississippian horizontals can have results which vary from well to well (see RFE, SEA and the first 2 Range wells) which means you will still get some spikes in production on the better performing horizontal wells but on the less performing wells at least less capital is spent.



 
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