Sun, Mar 1, 2015, 8:11 AM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Saratoga Resources Inc. Message Board

  • baby_face_finster baby_face_finster Jul 15, 2013 12:04 PM Flag

    Ops Update

    I got what I wished for - a detailed updat on the production enhancement (PEP) program from SARA this morning. All in all, the update was neutral, IMO.

    Did 6 PEP tubing replacements to date - 5 were successful. The 5 successful tubing replacements are yielding 92 gross bbl/day. This is below the 20 - 50 bbl/day original estimate. Although, they state that they are looking at additional stim ops (chemical/acid treatment of existing perfs, adding new perfs) to bring that up. Also, slightly under cost estimates per well so far. Payout of 6 done to date (including the unsuccessful well) is estimated at 8.9 months - closer to my mistaken estimate before.

    CEO in remarks seems to be alerting investors that the 2nd Qtr will not be a good one production wise.

    All IMO. Any thoughts?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
0.32+0.0300(+10.34%)Feb 27 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.