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Lucas Energy, Inc. Message Board

  • winallin99 winallin99 Feb 13, 2011 10:06 AM Flag

    350 is not 500

     

    Management continues to have problems with clarity. They have stated for several months and as recently as Tuesday that they expect the IP on Hagen to exceed 500 bbl. They then include this again on the new presentation. The Thursday new release then says as much as 350 bbl. Not producing 350 only has receached as much as.......

    SAWYER NEEDS A REMEDIAL MATH CLASS

    Below is from slide 12 in new Feb presentation

    Hagen EF No.1H
     14,000 ft measured depth
     9,500 ft vertical depth
     5,300 ft lateral extension
     5.5 inch casing
     Working Interest: 15%
     Drilling completed Nov, 2010
     Initial Production: January 2011
     500 BOPD anticipated based on surrounding EF well production

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