Partridge I agee, the co prob have a good idea how much oil reserves are behind the pipe(s), it prob is the cheapest option at the moment, and they know the oil is there and it will be cost effective, no brainer!!! Imo, dyor, etc Blue finish, better than red
In uncertain times
for the price of oil making most of the company assets, namely proven oil wells, means behind pipe opportunities could be policy of choice. The companies with the lower costs per barrel of oil will be ones that thrive in the long term.
RE: October production
That should have said average through to the MIDDLE of October was 1931bopd.
I reckon it'll be near 2,070 bopd. Average through October was 1,931bopd with three particularly steady wells off line for maintenance, they came back on during October with hopefully higher production levels.
RE: 2,000+ bopd !!
Fred, Both 2700bopd and 17p would be great for xmas. I can only see the onethough, 2700bopd imo. Imo, i have a gut feeling that we will not see thr horizontal started this year, possibly Feb 2015. Again imo, i think Rick will now go for the quickest, cheapest, and possibly the easiest was of increasing bopd, behind the pipe!!!
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