yep have a good handle on the geology but moreover the production yields, as clearly you do not: would you like for me to re-post the FDM flyer for you? SEA, Sanchez et al. all in the public domain for all to see - and surely you're better than viewing IP24s as a measure of acreage value? you need only look at where the initial FDM wells are now producing.
55% oil at best and 78% liquids ... and let's not forget the water (which appeared to be the largest volume of anything in the recent update). here we are for good measure: http://www.freedomog.com/wp-content/uploads/2018/04/FDM-April-2018-Fact-Sheet-vF.pdf. "Year-end proved reserves more than doubled in 2017, increasing by 109% over 2016, to 13.4 million barrels of oil equivalent (MMBOE), as estimated by Netherland Sewell Associates, Inc (NSAI). Liquids represent 78% of proved reserves, of which 55% was crude oil."
Cashflow statements that empirically prove well AFE's closer $6mm. Take the ubiquitous HotCopper catch-cry to heart and DYOR.
95% oil cut, historical productivity yields akin to the best that Karnes county in the EF and Dimmock in the Permian have ever produced on a boe basis and an ability to lower well capex given the lower cost environment prevailing vs the $10mm AFE based upon 2013-14 inflated cost structure environment. 9000 net acres vs 100,000 net acreas 30% HBP already and the balance under 5 (+5yr) leases... I think we're on the ATS thread for good reason. And perhaps why you cannot keep your eye off it? Green with envy - how very unbecoming of you.
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