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GASFRAC Energy Services, Inc. Message Board

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  • rmumf Feb 27, 2012 2:30 PM Flag

    quicksilver CC: BIG praise for Gasfrac

    Great catch Nawar

    After listening to that call, particularly the questions by Spirit from BMO Capital Markets trying to establish the ratio of oil frac/gas frac productivity, and the way management deferred the question, it made me think the oil frac results might have been awful.

    My takeaways from the call -
    Niobrara marginally (at best) economic with oil fracs elevated to 40% returns with Gasfrac
    30 miles of Sandwash Basin covered by first six wells - 1200 thick section - multiple carbonate pay zones - a "huge" resource.
    70 wells permitting right now - will drill as fast as cashflow allows
    lots of analysts who may not even know the name just got "Gasfracked"

    My spidey sense tells me this is very, very good news!

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