re: Ann: Molopo Energy agrees to sell Barnhar...
Swami, Banhart was developed, agree, but how much long horizontal wells would be drilled there? And how much of these would be drilled in industry standard north-south orientation? I think ZERO, so only logic acquirer is neighbor from north or south. We all know that unconventional wells fall in production about 70-90% during first year. For example MPO Banhart wells had IP30 about 600 boed and about 60% liquid, now all three wells together are producing at 130-150 boed. Do you think that production curve would increase after this transaction?
MPO Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
