new drill results out, page-19

Whynot,

In the above calculations I used 100% and 50% working interests respectively.

From the below table (I used excel), the Average IP to 30 day ratio is 2.0018, and I've used that to generate 30 day average expectations for the latest 2 wells.

Obviously it won't be greatly accurate, but it's the best approximation at the present date IMO


Well - IP - 30 Day - IP to 30 day ratio
1 - 1267 - 655 - 1.934351145
2 - 1288 - 551 - 2.337568058
3 - 1605 - 817 - 1.964504284
4 - 1562 - 793 - 1.969735183
5 - 1262 - 700 - 1.802857143
6 - 2007 - 1002 - N/A
7 - 1705 - 851 - N/A

So 1002 boepd and 851 boepd respectively.

Hence you can see 1,000 boepd per well is a reasonable estimate, considering the second well being a bit of an outlier (it was bad frac).

If you ignore the 2nd well, it becomes ~1050 boepd and ~890 boepd 30 day averages respectively. All IMO, as always....