Event Reminder

Simmons & Company International 2012 European Energy Conference

Aug 30, 2012

Presentation time- 9:00 a.m. Location- The Gleneagles Hotel, Scotland

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Chance of success 40%? 

Sounds like it is on life support.

A few more details after listening to the replay of the webcast, which is now available at the SWN site:

Mueller says SWN will have 8 wells drilled by the end of the year and their BD map seems to show that the 7th and 8th wells will be the Bayou de Loutre well and the more northerly unit in the Dowdy Branch field. He also says they are still looking for an initial 30-day average rate of 500 BOPD or above, if their projected decline rates are accurate. I don't think he gave any numbers about these projected decline rates, though.

Will shutting the BML in cause any problems with the rate of the BOPD ?  I understand they are waiting for the pipeline to be built.  How long does this take?

Brenda, I'm not an expert on this, but I don't think shutting the BML in for a time will have a significant effect on the BOPD flow rate when they open it back up. I haven't heard any news about the status of the pipeline construction, but I wouldn't think the wait will be much longer.

Thank you Obed. 

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