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Halcon Resources Corp. Message Board

  • trenditrenda trenditrenda Jun 9, 2014 4:52 PM Flag

    oilman

    In the CC, Floyd put in 500 bpd in the numbers for TMS. They have drilled three wells. They have approx. 28 wells left for this year.The first one 1200. What would be you best guess is what they end the year with? Thank you for your time.

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    • Best guess if everything goes perfect. 10 -12. Wells drilled and Completed by year end
      Average 75 WI. With declines. 80% per year. But only 40% by year end(6 months)
      It's a VERY rough estimate. But 5-7 thousand bbls..... Is pretty realistic... Net net net
      Of course the gross before NRI is big. I'm using HK's presentation of working interests in their ROI
      Right now you should get a completion once a month, but coming soon 2 a month
      30 dYs drilling and 30 days completion. May even get faster in completions.
      Just think of the cash flow at 5000 bbls per day And I think I'm being conservative

      Sentiment: Strong Buy

 
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