Well Name: <Bollinger 1-27XL H> Pun Number: <017-208256-0-0000> Location: <Oklahoma> Formation: <Hunton> Operator: <Cimarex Energy> NRI%: <0.5324> Net Cost: <58574> Status: <Producing> Initial Production Date: <20/09/2012> Net IPR: <2.3> Latest Gross Production: <Jan14 to Feb14> <Oil - 39bo> Comment: <Limited production data, but looks Okay. From the Hunton formation, another string to the Oklahoma bow.>
Disclaimer:- This information is correct to the best of my knowledge and is based on publicly available information. Any corrections or additional information will be gladly received
I am still around, lurking on the fringes. The day job is keeping me occupied. Haven't finished buying stock and shall draw a line when 4m is reached some time next year. However, RFW is leaving us in suspension on the way forward; understandable perhaps until the Saudis show their hand on 27 November. Outcome may turn out to be something of a horse deal plus a remote possibility of OPEC disintegration.
The biggest single factor hampering MAGP's wellbeing is the oil price. The current tight range of ~$75/barrel could persist for another 12 months. No one has the slightest idea which way it's going to go. Boone Pickens considers $60 a possibility whilst Harold Hamm on the other extreme has set his stall out for $100. One obvious result for MAGP is possible postponement of the long-awaited announcement on a couple of self-operated wells.
Another issue of temporary concern is whether Bank SNB, National Association, will review its credit facility to MAGP. Whilst unlikely, it should be remembered the original credit line would have been based on a spot price of ~$100.
I have a few paragraphs to write on the parcel of land described below. Merely academic but I continue to learn how this business works. As stated previously, we knew next to nothing when starting out in November 2011.
Aye MrE we have a few, looking forward to the balance of the Logan wells Marrion x 4 Rothermel 5MH and Vann Meadows should be alive and kicking now, Woodrell also was waiting frack and Edwards on IP why are we waiting lol.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.