I said 6 to 8 months, not some time in 2014. 8 months out is May 2015 and that my friends can be considered Mid 2015
That is why the data on the first 2 weeks of continuous flow is a better indicator.
The first two weeks of continuous flow back averaged 1,087 boepd, roughly 300 bod of oil, 337 of high value NGLs and the rest gas which is already hooked up for sale' Two weeks of continuous production is not extrapolation
Pio, Rubicon will be a producing miner in a few short months. Period, end of story. Now we need worry only about the price of gold
We can debate all the little issues involved and how poorly they have done to get here BUT in 6 to 8 months they will be producing gold for sale
ZAZA posted the McAdams cattle ranch IP of 1786 boepd on their press release. Do you really think they would lie on an SEC document.
So who do we believe, ZAZA who filed supporting documentation with the SEC or you.................. ZAZA can be sued if they lied. You are just an anonymous poster with an agenda
And lets not forget that $150 oil will be very beneficial for US shale oil producers so it does not really bother me that the rest of the world is slow to catch on.
And those fast declining wells. They payout costs in roughly 18 months then they produce gravy to the company at a reduced flow rate for years to come
And then there is the Red River formation under lying the whole thing.
Actually he does make some good points. I also think 5 years out or sooner we see $150 oil. He is correct that with current tech wells do decline quickly.
Where he is very wrong is the good drilling locations will not run out for many years to come. I don't believe he gets the well density opportunity at all.
He is correct that world wide shale will be slow to catch on. Politics and poor infrastructure outside the US will slow things down big time.
What they are saying is the whole reason I brought and held the company is not a workable opportunity. Definitely need to hear more