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Aurora Oil & Gas Corp. Message Board

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  • carchandco51 carchandco51 May 6, 2008 5:06 PM Flag

    IMO, The Development Of Their Holdings In Oklahoma

    steveo-the Woodford Shale is far from conventional. The successful companies are spending about 6-8 million $ per well just in drilling costs. AOG should be doing well in their current territory, I didn't know they were hedged but the local price was well above nymex several months ago. To think of a 45M$ company coming up with operating funds to drill one well in Ok. is a longshot when they can't seem to hook up the shut in wells they have already drilled. I'm long and in the red bigtime