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Penn Virginia Corporation Message Board

  • stuartcreekfarms stuartcreekfarms May 9, 2013 6:19 AM Flag

    Pearsall comments from industry pros

    No one is being critical of PVA for the false hype on the Pearsall well.
    No one else is having much success in the Pearsall.
    The PVA well was actually a minimal effort in terms of cost and with a short lateral. The company may have gained good information for future Pearsall drilling -- so it is not a bad outcome.
    The oil flow was like 140 barrels per day but there was significant gas -- so not a terrible result.
    I think we are learning that PVA is a very good operator.
    (With good production numbers and eight-year drilling window in the EF, they still could be snapped up by a MRO, for example). at maybe $9-10 a share.

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