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Abraxas Petroleum Corp. Message Board

  • shavitmi shavitmi Jun 10, 2014 11:42 AM Flag

    LNREF- small eagle ford o&g

    AXAS should take them out for theire highly rich accrage

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    • That rich acreage cost them roughly $4,000 per gross acre...that isn't rich ground...The 50 odd wells are producing around 700 boepd...wanna do the math ? Seriously..instead of trusting an SA author's promise of fast riches..go to Lonestar Resources Website..investor relations and look at analyst coverage and see what the Target Price..issued on May 19's US $ current $0.40 is already 20% above the target. JMHO GLTY

    • the .35 gap was filled the other day
      up we go just like i predicted

    • i am long on the stock you speak
      we are up about 10% today
      i am looking for a nice return. they were just uplisted to better OTC exchange June 2nd
      good luck here, hear?

    • Good luck on that one..but be careful....except for the uptick in volume it had zilch for daily volume before..Those can be roach check in but you can't check out. If you can trade in fractional pennies which is what the bids and asks are now trading at and if you use a discount broker you may be alright. In high volume it's easy to grab 50K on a whole cent bid..but if volume disappears and you try and have to get out in 1K trades even a discount broker fee hurts on a penny the fractional cent guys outrun your price. If your'e experienced..ENJOY..if not walk softly. Been there , done that...JMHO GLTA

    • The promote probably deems it unprofitable for AXAS--note author did not post the NRI beside the WI for the acreage. We all know WI is the percentage of expenses a participant pays. The real world here is the NRI, the net revenue interest is the percentage of the revenue generated the WI owner collects. The difference equates to initial overhead, it comes right off the top, the cost of doing business even before the WI owner, sees a cent.
      The Real World is unpleasantly complicated. Sorry about that.

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