Question-and-Answer Session
Operator
Yes sir. (Operator Instructions) And our first question comes from Larry Busnardo of Tristone Capital.
Larry Busnardo – Tristone Capital
Good morning Roger.
Roger Parker
Good morning Larry.
Larry Busnardo – Tristone Capital
First on the Greentown 28-11 well, is that being constrained at all because I think you initially talked about the well being able to flow at a higher rate and the 200 barrels and the 600 million – or 600 Mcf a day seems a little bit lighter than what you had initially talked about.
Roger Parker
It is, Larry, it is not being constrained at all. It is limited to production from the ?O? and the ?P? zone. The Cane Creek interval is not currently contributing at this point in time. Part of the process that we are continuing to go through is gather information, both production and pressure from individual intervals which is what we’re doing at this point.
That well is being produced vertically primarily because we do not have another rig to be able to put over it at this point in time. Ultimately it will likely be drilled horizontally in both the Cane Creek and the ?O?.
Larry Busnardo – Tristone Capital
Is that well being flared right now?
Roger Parker
Yes.
Larry Busnardo – Tristone Capital
Okay. Are there any flaring constraints?
Roger Parker
No go ahead, Carl, go ahead.
Carl Lakey
There is a constraint at 50 million cubic feet. Total production however, we’ve been able to work with regulatory bodies to allow some leniency to that. That constraint could still reappear but at least at this point we’ve been able to work with the bodies to allow us to continue to test the well.
Larry Busnardo – Tristone Capital
Okay. And then just a second one. In terms of the duly completed wells, what’s the comparison on the EURs and the cost of these duly completed horizontal wells versus the initial vertical wells? I think you were initially talking six Bs and 3.5 million a day on those. Can you just give us a comparison between the two?
John Wallace
Larry, this is John. It’s a good question and as far as on the completed well cost we’re expecting that the horizontal legs to the general cost of those legs will equate to an artificial stimulation or a frag. So there will be additional cost but it will only add about 700,000 to $1 million for two laterals in both the Cane Creek and the ?O? zone which we’re expecting to be several thousand feet in length.
- To read the full transcript on Seeking Alpha, click here »
