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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (159733)11/14/2011 2:54:46 PM
From: Amark$p  Read Replies (1) of 206114
 
Personally, I see no reason why NNN should sell all its WY assets. I continue to like these WY wells for the long term, and especially their proved, undeveloped land package.

That said, NNN has a 97% working interest in these WY FergusonR, WillowD, Hunt, and SheepP wells. A better strategy, IMO, would be to sell a 40% working interest in several of these producing wells. If the WY well decline curve is accurate, then these wells should average 20 BOPD for the next 28 years.

Would be interested if you can get an investor group to acquire a minority working interest in some of these wells from Nimin.

decline curve:
box.net
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