Is the ratio of successful to unsuccessful wells good? It certainly is for 2006 4 out of 5 but what about the other ones where there are only 16 successful vs 12 unsucessful.
Also I understood EPL was mostly oil not gas. In their presentation its only 53%oil 47% gas. For the long term this is a good thing but short term oil seems alot better and more accretive to earnings than NG.