Ann: Transforming New Standard Energy , page-187

cmonaussie,

Thanks for your post today. Briefly my take is that current production is not inspiring and we have no idea of:
>No.of wells drilled and period
>Production rates and depletion rates of each well
>Product mix
>variability of field
>success share performance hurdles, you mention
>Management and production costs

This is not my area of expertise(though I do have a technical background) and I'm sure there are many other variables to consider.

The big cost of course is the drill cost and at $7M a pop the above numbers are critical.
Regards