Posted On: 12/11/2012 6:19:39 AM
Post# of 39368
"East Texas
After our meeting this week with our technical consultants, it seems that the probability of large oil production is unlikely from these 3 laterals. We are estimating less than 20 barrels a day including the Lakeshore production. The gas production should come from all 3 legs and should be between 500,000 MCF ($1500.00) to 1,000,000 MCF ($3,000.00) a day. We will have accurate estimates of future production shortly. Although we do not consider this a great success, it is not a failure either"
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