Divesting of our Central Louisiana assets: As announced previously, we have decided to divest all of our Austin Chalk and Wilcox assets in in our Central Louisiana core area to intensify our focus and build upon the operational success of our more predictable assets in South Texas. We have engaged Scotia Waterous (USA) Inc. to assist us in the divestiture and expect that any sale of these assets would take place during the first quarter of 2014, which should provide us with adequate capital to fund our 2014 activities in South Texas
The price of natural gas has advanced roughly 20% in the last 6 months. This should result in a higher price on the sale. Shorts have had their opporutunities to cover already. Party time is coming for patience longs.