cmonaussie,Thanks for your post today. Briefly my take is that...

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