why don't you head back to where you belong. like the sewer pipe in the basement of a chinese food restaurant.
i`m going to have to get a second job.maybe dweeb could loan me some money from his welfare check.
it`s basically mine anyway.
And then there is the COOK INLET RECOVERY ACT !!! did you read that? MHR KOG and MILL, are 3 I know of that could make some $$$$.
Sentiment: Strong Buy
A very nice press release because it contains a number of specifics coupled with near term specific dates that GE should know right now if they are attainable. Great to hear. That said, and I know this comment will be called soft bashing by some, but realize the "double of production" claim results in a number that is some 2000 boepd LESS than the 2013 projected exit rate of 25,000 boepd. I say that because fourth quarter actual production was about 11,600 per day and doubling that with natural decline is less than 23,000 a day.
Big picture, MHR is simply six to nine months behind earlier projections. What sounds particularly nice to me is that projections from here on out might be attainable, provided GE gets rid of (a) the presentation slide comparing actual production to target production for growth rate estimates and (b) then gets rid of those Farley and Stalder pad estimates about 18 stalder wells in 18 months and 12 Farley wells in 12 months as those estimates have proven to be serious BS. Lex