practicalguy’s details
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First you go on and on about how when you do development wells it is cheaper. It turns out the reason it is cheaper is you are not stopping for core, or DST's or anything else. You are just drilling. If it is taking 2 months to drill a 3000... |
5/14/2013 4:00:24 PM |
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The $8 MM per well is for drill/complete/tie-in costs. It should take ~ a month to drill a 3000 m development location and it is unlikely that YPF will only drill wells without completing or tieing in. This may be how Ardvark gets such low cost... |
5/14/2013 1:28:52 PM |
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The predicted flow rate is for a flowing well. A pumped well will be 2 to 3 times higher. |
5/14/2013 1:02:56 AM |
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Once again your $/acre calculations are quite misleading. For the $500 or $750MM that chevron is going to spend, they get 24 mmbbls of 2P reserves, along with the solution gas, and condensate. They also may get some of the tight gas that is in L... |
5/14/2013 12:54:28 AM |
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Financials should be ok. In the ~$0.13 to $0.16 cfps range. Lab 2 should have a lot lower flow rate, in the order of 150 to 300 bopd due to 20% porosity (compared to 30% porosity in the first well). Hopefully the financials show the bleeding has... |
5/13/2013 3:27:18 PM |
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Currently at 10,000 boed (68% liquids) for unconventional (includes VM shale and Lajas tight sands), 12 rigs running in Loma La Lata and costs down 20% from second half of 2012. Only negative is that YPF would not disclose their per well cost an... |
5/13/2013 11:42:36 AM |
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If the reserve auditor is so low, how come BOE had to write down reserves? It should have been a big write up year. Besides the reserve auditors use the info the company gives them. If BOE isn't getting recognition for their reserves, it i... |
5/9/2013 10:21:08 PM |
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Here is how you truly look at reserves. Not the mumbo jumbo in the new presentation or any of SV's comments. For example, SV quoted the 3P production numbers to show how they would produce 3,000 bopd in 2013. The only problem is that 3P re... |
5/9/2013 2:47:30 PM |
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I took some of the latest news releases that have to do with the conventional oil production to show how fast the story changes. If I were still a major shareholder (I do have still have about 1% of my original shares since I got them for free w... |
5/8/2013 2:18:07 PM |
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First of all, the paranoia problem with assuming everyone has multiple personalities can be treated. Sell a few shares of BOE and get some good counselling. Second, the 6000 bbls is the proven production for 2013, not the total reserves. Third, ... |
5/8/2013 12:16:52 PM |
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