Benz Energy (BZG.V) Message Board

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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: Whynotte who wrote (73)	2/7/1999 12:03:00 PM
From: Ed Ajootian	of 272

Whynotte, Many thanks for your response. It helps immensely to have someone knowledgeable comment on these things. Sounds like you're pretty busy so I will not try to bug you too much. But I can't resist following up with a few comments & questions! The fact that no well has ever done better than 10 mmcf a day explains why the stock did not go up as I had thought it would based on the logging results. Interestingly, it looks like Benz's earlier well in this dome (the KS Byrd) is the well you referred to --- that is the one that has been producing the 10 mmcf a day. See a graph of the well's production rates and other key stats at benzenergy.com. As you can see, this baby has been at a solid 10 mmcf a day pace for the last 4 months, and the pressure seems to still be holding up admirably. As they stated in their release, they intend to commingle the three productive zones found in this latest well that are not producing already in the Byrd well. Oversimplifying it, I think the way that folks are getting the 30 mmcf a day is taking the 10 mmcf that the Byrd is spitting out from the Harper zone and multiplying that by 3. Obviously the market is saying it will believe it when it sees it announced in black & white. From what I understand the clues from the logs on this latest well is that these other zones are even _more permeable than the Harper is in the Byrd well, so it would not seem unreasonable to extrapolate production rates from the amount of pay found, or am I missing something here? It would obviously be very interesting to see what the amount of pay was in this Howell well, _not _including the Harper zone (which they will not perforate because this Howell well is too close to the Byrd). If I have a chance I'll try to get this info from Mark this week.

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