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Infinity Energy Resources Inc. Message Board

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  • eilno666 eilno666 Sep 2, 2007 4:37 PM Flag

    HI! MOOMONT!!!!

    Where's the beef?

    You talk a good game, but CHK spent $1.8 billion more than their operations generated in the first half of 2007. You claim they spent less than they generated but I have no evidence of that. I have the Form 10-Q as my evidence, what do you have? A tiny noodle in your hands is what you have. LOL

    IFNY is outspending its cash flow, which is positive. This is typical of E&P firms. I personally think they should concentrate on getting the Rockies buyer in place and JV partner in place for Texas. The play is coming their way down there - even Lang Haul backs me up on that - and I think they need to position themselves as having an attractive parcel of land to buy or partner up on.

    Hmm, let's change the subject or employ age-old aliases, why don't we, instead of just fessing up that you are a liar and you got caught.

    You are just a sissy short and you know it.

    ronelmoismybeatchthea$$

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    • The key for a growing E&P is the amount of reserves found for the CAPEX expended. This what all should be looking for. Right now several E&P's are not justifying their CAPEX via the drill bit. CHK seems to be at least holding its own.

      • 1 Reply to 08ronh
      • <<growing E&P is the amount of reserves found for the CAPEX expended. This what all should be looking for. Right now several E&P's are not justifying their CAPEX via the drill bit. CHK seems to be at least holding its own.>>

        It's one of the worst at destroying capital. Its defenders, like BShaef, justify it by saying look at the stock price over 10 years. The truth is that it has been flat to down for two years, while other comparable E&P firms have gone up.

        If IFNY gets a partner and figures out how to make good to great wells on a fairly regular basis, it will create reserves like there is no tomorrow.

        Until then, I wait patiently.

    • elmo wrote:" The play is coming their way down there - even Lang Haul backs me up on that - and I think they need to position themselves as having an attractive parcel of land to buy or partner up on."

      You are sorts like cat urine....no matter how hard you scrub, you'll never be gone. I would not back you up, one because you are a blithering idiot, and two because that's false. While other companies are making wells in other parts of Erath County, there has been no good wells made in the acreage south of Hwy 377 and north of Hwy 67. This happens to be the exact place IFNY has acreage. They have goat pasture under lease, they won't make a consistent set of good wells out here, ever, because the reservoir isn't good enough. On one well they happen to hit a set of natural fractures, but its a crap shoot whether they can find a natural fracture system like that again. So far, IFNY has rolled the dice 24 times and come up lame on 23 of them.

      In addition, the one fact you forgot is that they have already shopped this to everyone who would listen. Nobody bit the first time, and now IFNY has taken the "potential" value away by drilling 5 of the absolute worst wells in the whole county. It's kinda like trying to sell a used car that's belching smoke and stalling, and telling everyone its a gem. The idiots at IFNY should have never drilled those five wells, they should kept the "potential" tag out there.

      No I won't back you, and never have. I think you have a tough time tieing your shoes in the morning and playing tennis without a helmet, let alone understanding oil and gas and what makes a play or an E&P company. Remember, IFNY is not running a stock, they are running a laughing stock.

      Have a good Labor Day, ELMO, and get a job.

      • 1 Reply to lang_haul
      • [[While other companies are making wells in other parts of Erath County, there has been no good wells made in the acreage south of Hwy 377 and north of Hwy 67. This happens to be the exact place IFNY has acreage]]

        IFNY's acreage is well south of both hwy's. EOG has made a couple of wells between 377 and 67 in eastern Erath. EOG's better wells are north of 377, and while they are decent wells, they are nothing like the wells further east into Hood and Johnson or Tarrant.

 
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