In the last presentation which I copied and pasted a slide below.It states production ratio of 30 years .
My question is
.......................do they think that they have 30 years worth
.......................and if so at what yearly rate? eg 30 into what.....= what............
sorry if I've misreading this slide but does anyone have any ideas
cheers
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‒ ~$10 F&D costs and ~$5 LOE expenses per barrel
- Lease acreage, develop and drill vertical wells targeting the Mississippi Lime in Northern Oklahoma
- ~8,700 net acres in Kay County with solid infrastructure
- ‒ Proximate nearest refinery
- ‒ Good availability of grid power
- ~75% IRRs on wells at $85 oil. 65K BOE estimated recoverable reserves per well at current type curve
- Highly consistent formation to date
- ‒ Only 1 of ~40 producing wells determined to be uneconomic
- ‒ ~USD$200K of expense before dry hole determination
- 74% liquids by volume today (55% oil and 19% NGLs)
- $217M of 1P PV10 in 12/13 reserve report, 14mm BOE of proved
reserves based on ~6,500 acres assessed in last reserve analysis- Reserves/Production ratio of 30 years; production growth expected
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- Res /Prod ratio 30 yrs;
In the last presentation which I copied and pasted a slide...
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