Question-and-Answer Session
Operator
[Operating Instructions]. Your first question comes from the line of Subash Chandra with Jefferies. Please proceed.
Subash Chandra - Jefferies & Co.
Yes, good morning. The first question on the Figaro. Where or -- specifically how many stages might have been fraced already or is that in the very initial stages of doing so?
Ben Brigham
Yeah I'll let Lance answer it. We're about halfway through fracking that well, correct me approximately halfway through fracking that well.
Subash Chandra - Jefferies & Co.
Got it. Perfect.
Ben Brigham
It will take longer as we mentioned on the Anderson.
Subash Chandra - Jefferies & Co.
So a little bit further along on the Figaro then the Anderson.
Ben Brigham
Well on the Anderson, I mentioned we have done 20 stages out of 24 in the Anderson well.
Subash Chandra - Jefferies & Co.
That's right, okay. Any chance there's an update next week by Enercom?
Ben Brigham
No, given of that's Monday, I wouldn't expect any news about them.
Subash Chandra - Jefferies & Co.
Okay. And then could you remind me about your lease retention, sort of activity, what's required if any over the next in that 18 month plan?
Ben Brigham
Yeah this is Bud, I mean just in general we're fortunate that most of our acreage is a vast majority which is acquired in the last 18 months for two years and its predominantly five year lease old or three year lease hold for two years. So overall we're in really good shape, we do have a couple of areas that have some acreage we bought from other parties, and I know that we have been extending our acres. And we have been successful in those efforts. So I don't know if you want to add.
Jeffery Larson
And we are real pleased with our extension efforts in that area [inaudible].
Subash Chandra - Jefferies & Co.
Alright, okay. And final one, in the Q3 with the banks post performance for your equity I guess you had some of the new some of things resolved and some new terms out there by I guess the banks might be looking for -- looking to reduce the gas price forecast using and by $0.50 or so we're hearing from companies? Any thoughts there or any potential risk at all?
Eugene Shepherd, Jr.
Right in terms of prices, I think we probably have that risk on gas and on the oil side, we probably have some opportunity to hopefully find some holding in the way are today in October when the banks will be doing in the middle of predetermination see some increases.
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