Posted On: 02/14/2014 2:42:45 PM
Post# of 39368
Here's my 2 cents on updates:
1) We have additional costs with plugging several wells on the McComas and Barnes leases. We may have known about these all along but it is official now.
2) Good news on the Stockton # 1 but I suspect we are in a similar production rate like the Lakeshore and Mitchell #1 in the 3-5 bopd range.
3) Bad news on the Stockton # 2 which I thought from past news releases was pumping great after an initial 62 bopd initial rate. Now it appears to be off line for some time which is daily lost revenues to Treaty. Why do we have to acidize (again) a new well so soon. Did production fall off that quickly.
4) Lack of news about Stockton #3 completion due to funding and no funding for Kubacek wells 1,2 & 3 yet is not boding well.
1) We have additional costs with plugging several wells on the McComas and Barnes leases. We may have known about these all along but it is official now.
2) Good news on the Stockton # 1 but I suspect we are in a similar production rate like the Lakeshore and Mitchell #1 in the 3-5 bopd range.
3) Bad news on the Stockton # 2 which I thought from past news releases was pumping great after an initial 62 bopd initial rate. Now it appears to be off line for some time which is daily lost revenues to Treaty. Why do we have to acidize (again) a new well so soon. Did production fall off that quickly.
4) Lack of news about Stockton #3 completion due to funding and no funding for Kubacek wells 1,2 & 3 yet is not boding well.
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