Reiterate: Pad & Pipe to carry gas to market have been in for other wells. Will lay Smaller pipes from the new wells to the Big Market Pipe. Paid basher "&" pumper workin' both sides to make twice as much $ (or investor "&" shorter workin' for an institution).
Sentiment: Strong Buy
What a bunch of propoganda --- 'we have reduced our overhead by 70 %'.
Sure they have by giving away 70% of assets for $3.5 mil. They must think shareholders are imbeciles -- buy then again -- in most cases they are right. And might I add, its the only thing they are right about!!!
Really I think thet got $3.5 million cash + 25% of 16 million= $4 million dollar carry on first 8 wells= 2 wells net DEJ = 1/BCF per well x 2 wells= 2 BCF X $6.8/mcf=$13.6 million gross=$21.1 Million Gross DEJ (IMO) GLTAL's
Hey AH, when do you leave for Canada to be the CEO? We can't hold the plane much longer. Maybe you can write the NYSE tonight. Your instant bashing to soften the blow of the GREAT PR is worthless AH.