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Vienna/Kaspar (Questions for field visit (Chemical program, Last time well…
Vienna/Kaspar
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Upside
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Can we buy compressor, drive down LOE, and flip?
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A small, economic frac could make the 8400' zone a quality gas producer.
Questions
Personnel costs are incorrect. They are impossibly low and then very high for the last three months.
What are 'Transporation and other processing exp'?
Was this already accounted for in the differentials?
If there is uphole potential, would we have rights to it?
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Why is there a 'royalty' line on one LOS statement, but not all?
Dorothy Walters well was included in dataroom, but not in LOS statements.
Explanation to Devon
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We understand that our official bid came in lower than our unsolicited offer, but we would still like to do this deal. We can work hard to get to a price that we can agree upon if you will give us some indication.
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