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Gold/Mining/Energy : Big Dog's Boom Boom Room (Moderated) -- Ignore unavailable to you. Want to Upgrade?

To: Frank who wrote (42)	4/18/2005 1:52:10 PM
From: Bearcatbob	Respond to of 89

BEXP has always disappointed me. Is the production over 35 mmcfd yet?

To: Frank who wrote (42)	4/18/2005 1:52:11 PM
From: Bearcatbob	Respond to of 89

BEXP has always disappointed me. Is the production over 35 mmcfd yet?

To: Frank who wrote (42)	4/18/2005 1:52:13 PM
From: Bearcatbob	Respond to of 89

BEXP has always disappointed me. Is the production over 35 mmcfd yet?

To: Frank who wrote (42)	4/18/2005 2:41:57 PM
From: MIRU	Read Replies (2) \| Respond to of 89

Frank, Re: BEXP, the problem here is that they make plenty of discoveries but most are farmouts and most are Frio or Vicksburg fast decline stuff. So future projections of production rates tend to be optimistic. A year after a 4 MMCFD well comes in, lets assume they have 80% NRI and a 50% decline in year one and have to give up a 25% back-in after payout. So one year later your 4 MMCFD well is now 1.2 MMCFD net to Brigham. In other words, lots of good news, but a "squirrel cage" when it comes to increasing production.