I had a nasty message all written; but I erased it and waited for you to respond.......and WALLLL-LAH! Bar comes through...again! Thanks man! Stupid question #1-Who pays to re-drill that well that had the mechanical failure??
heres the Helis info KOR , I think they might have restarted drilling by now .... also I mispoke on Unruh in that Logan county leases appear to be the more oily areas and there are 4 wells planned to be drilled in this area in 2012 but eitherway with Pecha 90+% and Unruh at 80+% will be great to get that oil onboard . although IP's for Mississippian are far less than the Bakken wells the decline rates are far less making the 30 days and LT look very good , especially at drilling costs being much less . at last word the drought out west has not impeded water availability for SDCJF . luck
ok ok, back up here a second or two. FIRST of all "Helis screwed up at that Bakken well and had to redrill"...I have not heard this nor did I read it in the July presentation (not that I couldn't have missed it...bar can you add some more insight to this, when it happened, and where things are with it, which well was it?) Second, is the Unruh well in the same area where Sandridge has been successful? I have not been a fan of what is going on in the Wyo Niobrara region but am much more hopeful about the DJ Basin in Colorado to the east of the Front Range. Anticipating and waiting for news here from ND! GLTA! TK
Not very impressed with the presentation. It looks like the market wasn't either. Down to .49 cents in Oz last night. They are now showing 15 million in debt. Production is painfully slow, they are still only using production numbers from May. They need to start drilling wells at a much faster pace. This thing is like watching the grass grow. It deserves to be a .50 cent stock. Its priced fairly for what they are producing. On the plus side they are adding more acres and values should increase but this is months away. Its a good little oiler with the key word "little" Just not much happening with this to move the stock price up. It will take many months more for anything much good to happen here.