2 to a 3 quake on the Richter scale is similar to living near the Cal Train in Silicon valley, get real.
At a better price then what street looking for. In 18 months your 8 will be correct but will have a 1 in front of it .
Sentiment: Strong Buy
Ausainchalk you have no clue to what your talking about . FYI they do have internet /WIFI in OKC no real need to phone in orders
like to believe that Steve but after reading the release its full of "PAINT A ROSY PICTURE" while nothing is developing. If they hit a big well it will bail them out if not TAG will be scraps. You notice Garth never mentioned the 5 bad wells drilled in Cardiff out of 8 ? When you see things like this be careful play small if at all TAG is a lotto ticket . GL
Production resulting from this step out drilling program began in November of 2013 and the successful wells have produced approximately 120,000 barrels of oil as well as solution gas from start-up to June 30, 2014, adding approximately 893,000 BOE of new reserves (625,000 net to TAG). This new discovery area production has been consistent and during Q1 of FY2015 has continued at a gross production rate of approximately 600 bbls of oil per day (420 bbls net) plus solution gas. Importantly, this drilling success has translated into several new, highly promising, development drilling locations on TAG...what happened to the other 5 wells GARTH !!!
8 wells were drilled in cheal . From EWP report may 7th PEP 54877: Cheal North East Permit (30% EW)
Since first production in November 2013, the Cheal E-site has produced approximately 90,000 barrels of oil with three wells currently producing at a stabilized combined rate of approximately 650 b/d of oil (195 b/d net) plus solution gas. Currently Cheal-E1 and Cheal-E4 continue to flow naturally while Cheal-E5 is producing utilizing hot water jet-pump facilities built at E-site. now this what Garth has entered in the latest report . continued next post
They give broad statements withOUT any details on specific wells .There are or were major issues with 4 of the 8 Cheal wells drilled earlier this year .and NOT one word about those problems. Cradiff same old mystery . No conference call JEEZE I WONDER WHY ?
Where are they ??? Last report in Feb. today is last day of June. Need to say no more about Management at TAG . Drew on last call "I can not believe the negative response to our announcement" Look in the mirror boys
I agree with that BUT to pump it into a secondary is slimy no if and and's about it. I been in this biz a long time and have seen this type of #$%$ happen many times . What it does show you is the character of the people controlling the show . Shady
Secondary should have been done without the wall st hype, bankers and management pumped it to an overvalued valued price. Every banker is aware of secondary coming believe me, there must have been 15 upgrades in the last month, if this was held by their institution clients you would have seen very few upgrades, if at all,those clients would not stand for this behavior . These bankers and the management manipulated the stock price to exit shares and fill there pockets at higher level plain and simple !.Retail will take the hit because they are not aware of how the markets operate , Makes me sick to see this behavior. FYI I am not long or short EMES and will never consider buying it after this deal.
Secondaries are a fact of life in the market they happen, This one however STINKS to high heaven. Bankers and the CEO have been out of the stump touting it BUY BUY BUY, if fact a firm up their Estimate yesterday . Well either the company or the bankers are slimy or both, I and not long or short this name BUT if I am adding to my list of Service plays EMES would be at the bottom simply because of the way they handled this offering . Yes they made folks allot of money but that does not give them the right to conduct themselves in a unethical manner . The principle still has a significant position and they will with notice blind side the holders AGAIN . Remember this is an MLP held by retail and that's how they got away with this deal. Superior Silica
Resources LLC(3) 9,397,129 39.63% 2,798,165 6,598,964 27.83%
Allied Energy Company
Resources LLC(3) 1,019,212 4.30 303,489 715,723 3.09
Ted Beneski(4) 858,768 3.62 255,819 602,949 2.54
THIS is why WALL ST. gets a bad rape ..
they answered most of what you asked
Listen to the replay Bruce I do not want to attempt to answer from memory . As far as upper zones go in Cardiff , 2 months basically because frac permitting process . They stated permitting process recently changed now takes longer. I do not know why they did not apply to frac all zones because it sounded like they did some frac work on lower level. Will listen again to replay.