Demartha, they reported an peak IP rate. Choke was most likely wide open for an hour and extrapolated. That is the norm. Key is to see the 30 and 60 day rates. Since this well is holding pressure those numbers should look good
DCmartha. The 2 week numbers were posted in the PR and exceed 1000boepd with 1/3rd oil. 1/3rd NGLs and 1/3rd gas which is already connected for sales.
Its a good well and I would love to see 10 more just like it
Not entirely sure why they do this but my assumptions is to provide a final definition of the lease size and he gets paid royalties.
Found this below
Scope and Contents of the Records
The Railroad Commission of Texas regulates the oil and gas industry to prevent the waste of resources and to protect property rights and the environment. These are plat maps of oil and gas leases or fields and survey maps. The maps and plats were submitted to the RRC by operators and maintained by the Commission because of information they contain about oil and gas wells in the state. Some maps are accompanied by correspondence about the leases, drilling operations, acreage assigned to specific wells or related topics; some have affidavits attached. Also present are notices of change in lease ownership or operators, and in a few files are potential test forms for wells. Dates covered are about 1930 to 1960, bulk 1941-1954. Correspondence is usually with oil and gas operators or drilling companies. Some of the plat maps are certified, giving the date the plat was drawn, the survey, field name, county, operator, acres shown, and number of acres in the lease. Items shown on the survey and other plat maps are generally oil, gas, and water well locations; oil/gas lease and field boundaries; land and/or lease owners; cities and towns; and rivers and creeks. The maps often contain notes about the wells. Most of the maps were drawn by local surveyors and cover specific leases or oil/gas fields. Size of the fields or leases vary, they could cover several counties or just a small part of one county. The bulk of the material in these records are maps, most being legal size or smaller, a few are larger. The plats/maps were not done by the Railroad Commission but were sent to them by operators with various other records, such as applications for drilling permits. The Commission retained these plats and maps as a source of well data and related information. This series contains files for district
Put off till end of business today
Item 7.01 Regulation FD Disclosure
ZaZa Energy Corporation (the “Company”) (NASDAQ:ZAZA) had previously announced that its ten-for-one reverse stock split (the “Reverse Stock Split”) would be effective at the close of business on Monday, August 18, 2014, with post-Reverse Stock Split trading beginning on Tuesday, August 19, 2014. The Reverse Stock Split will now be effective at the close of business on Tuesday, August 19, 2014 with post-Reverse Stock Split trading beginning on Wednesday, August 20, 2014.
The information furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into any registration statement filed under the Securities Act of 1933 unless specifically identified therein as being incorporated therein by reference.
Should happen most any time after the KOG merger is final in October. the spin off is likely just a ploy to get the value up
Gideon, there is a saying down south that applies here " Want in one hand and #$%$ in the other"
Madalena addresses the Lower Agrio formation on page 15 of their current presentation.
On page 18 the discuss the re-entry of a current well set for late in 2014
Curamhuele – Lower Agrio sidetrack of CH.x.1 well to start late Q4 2014 or early 2015 based on
A vote of confidence in the Vaca Muerta
"George Soros’s $28 billion family office more than doubled its stake in YPF SA, making the state-controlled oil producer its biggest U.S.-traded stock holding two years after Argentina seized control of the company.
Soros Fund Management LLC added 8.47 million shares of YPF in the second quarter, according to a filing yesterday, bringing its position to 3.5 percent of the American depositary receipts. That was worth $450 million at the end of June, making Soros the fourth-biggest holder. The stock rallied today.
YPF, control of which was seized by Argentine President Cristina Fernandez de Kirchner in 2012, is steering its efforts into some of the world’s largest shale deposits in the Vaca Muerta formation along with Chevron Corp. to reverse a widening energy deficit. The Buenos Aires-based company said yesterday that it made a shale discovery in Mendoza province, its third non-conventional find in the country."
Not only does Rock Pile keep costs down but it provides a sizable source of outside income to cushion lower oil prices
The normal case on a reverse split is to allow the company to issue more share and dilute the #$%$ out of us. I don't think that is going to happen here. First off management is the largest share holder. Second there are a lot of good things in the pipeline to support the share price.
EOG is working with local utility companies to run electrical to the full field. Pretty strong confidence level
Sabine 2 wells are estimated at 650,000 EUR per well, nice wells
EOG has spent 100 million on appraisal wells, holding information as proprietary
EOG and ZAZA have roughly 130,000 acres in Walker county that are part of the joint venture. Anything drilled on those acres is split 75/25
Was hoping for some news on the Sabine wells . Hate the reverse split but news is coming soon that will be very positive
Sabine released results yesterday. The area noted below includes the ZAZA JV wells. This is considered prime Eagleford shale land yet these well results are almost identical to EOG's McAdams Cattle ranch well. Just make obvious that ZAZA has a great situation going in the EOG JV
"In the Eagle Ford Shale, completed ten wells in the Shiner Area in northern DeWitt County and
southern Lavaca County, which averaged an IP30 of over 960 BOEPD, with 40% oil and 72%