SD holds millions of acres in Miss. and there is a good possibility that the play will be one of the most profitable in the U.S. Remember its not just how much a well produces....its also about how much it costs to drill and capture it. SD is a low cost producer in the Miss. and now that new management is in control costs will significantly be reduced. So, I don't think the value in SD has been destroyed...its just waiting for good management to make the correct decisions to realize its potential. imno
realize its potential? it all comes down to if the miss lime play is good or not. That is not potential. Potential is something that is there that just needs to be unlocked or in our case management making the right steps to move forward. If the miss lime play ends up not being what it is believed to be then there is no forward, we are stuck with it. Thats what concerns me.