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

To: Ed Ajootian who wrote (157230)	9/18/2011 7:59:17 PM
From: Amark$p	1 Recommendation Respond to of 206094

I see your point, and have no problem with it per se. CA wells are probably the wisest use of capex in the short term. Nonetheless, I have the Don Coxe philosophy of long life reserves in politically safe countries and hence like these WY wells. The WY wells average about 30% of IP Bopd for years 4 though 20 and are still producing after 30 years. That has always been the beauty of these WY wells to me. Recover your WY well capex in the first 12 to 15 months, and after that it's all gravy. Remember the initial Fundamental Research Jan 2010 analyst report... "Decline rates are about 50% over the first three years, but essentially flattens out for the remainder of the well life. The average well life in the basin is about 30 years."