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1) The recently announced well in the Whitley field continues to produce 65 MCFD of rich gas, equivalent to 78 MMBTUS, providing approximately $150,000 in additional cash flow per year at today's prices. Initial test production rate for Beaver Hill #5 well exceeds 500 MCFD (thousand cubic feet per day) Completed Atoka/Granite Wash wells in Northeast Mayfield during the first quarter include the Flowers Trust 1-35 (SM 46% WI) completed at 6,500 MCFD and the Mary 1-2 (SM 44% WI) completed at an initial rate of 2,000 MCFD. |
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