Presentation was great...anyone can say what they want regarding Bob Watson...but in my opinion he evokes confidence
he has the right answers and he speaks to the point. Sounds like Duvernay divestiture is pushed off until this fall...but I don't know that it really matters much. I liked what I heard and I may be an AXAS holder for longer than I initially expected...depending on Bakken and Jourdanton outcomes...this little E&P could have some room to run as they build the inventory to working producers from it's current level. Very pleased. JMHO GLTA
Bob was very clear today why going with 2 rigs may not be the best call. It comes down to ROI base don skilled people. Makes great sense and will be addressed when there is enough scale and scope. Some time in the future there will be a shift to the Permian.
I agree..and again it sounded like the Jore's came in really good. Next qtr ought to be a fantastic qtr. The only thing I'm uncertain about is where Dutch 3 and 4H will be and if they'll require shut-ins on Dutch 1 and 2H. Poc may know...I'm also uncertain as to where Ribeye 3 location will be. June was going to be the period of the south side first well...so I don't know if as Bob says they can make changes on the fly, and the northside is doing so good he's opted to stay there or if they'll step over over to the south side for Ribeye 3. As long as they keep hitting like they are hitting they could drill in the parking lot at corporate headquarters for all I care. I do want to see the south get proved out however so it can get calculated in. JMHO GLTA