Oilfield, your talking about Madeley needing to co
Post# of 39368
Posted On: 11/19/2012 8:49:26 PM
Re: Oilfield Trash #3030
Oilfield, your talking about Madeley needing to come in at 200 BPD. Aren't they referring to Madeley in this 10Q excerpt below? Madeley will produce the gas coolnapz mentioned vs the 192 BPD we were getting before it went lateral or am I confused?
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. We plan to set this production on line and move on to our next well on our Eastern Texas Project.
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