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  • jimjones62 Nov 20, 2012 10:34 AM Flag

    Rochelle Info, catalysts

    The Transocean Prospect is due in mid Dec to complete the Rochelle development bringing on first production in Jan..currently the rig is finishing up a exploration well for NEXEN our largest partner in Rochelle which is good because they have an economic interest in getting us the rig on time.

    We have one more infill well at alba coming online in q4, last one ip'd at 10k oil a day

    NG current strip makes Marcellus shale 30k acres profitable, 2 wells awaiting completion

    10 days left on closing the rest of North Sea Assets adding 2500-3000 bo/per day

    current ebitda plus 200million

    Sentiment: Strong Buy

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