Like I have said before, Glen is tight lipped, pure speculation as to what the outcome will be. Hope we get to keep our shares.
I think the true value of the assets was determined the end of last year, when they couldn't get what they wanted for them. The commodity price are what dictates the value, low commodity price... low offering price.
700 bbl per day is false information. Fact, talk with the KWK operator out there. Try 200 bbl per day each on the first 2 wells.
How is well West Texas well #3 doing, Rumor has it that its a dud. No rig activity in West Texas for future wells to date. I wonder why, ENI backing out of the deal or just waiting to see the out come of the BK???????
They delete their posts because they don't want anybody to look back and call BS on their old posts. They are just speculating like the rest of us, I know Glen well enough to say that he is very tight lipped about what's going on. My prediction is that the common will be history, just a prediction. I hope not for our sake.
What happens if the court doesn't reject the contracts? Does it turn into a cat/dog fight?
I agree, that would be awesome if he could pull a rabbit out of the hat.
Hopefully oily can find out the latest gossip in Fort Worth today. He said he was going for lunch today.
quick, Their seems to be one scenario that you are forgetting, Quick Silver Resources put ALL their assets out for bid/sale the end of last year. Why did they not sell then? What makes it a gold mine in the current market? Natural gas prices are in the toilet, oil is not their primary money maker and if it was oil is in the toilet also. Canada commodities are struggling as bad the US market commodities.
quick, where are you coming up with 700bbls per day, that was initial production. I heard thy declined to 200 bbls per day plus gas volume.
Dardens own 33 million shares, the amount being sold is a drop in the bucket. I don't thing they are selling, they are riding the horse till she dies.
Wither pre-packaged or they worked a deal out with the Bond Holders and Banks.
Dardens are going to everything in their power to make it survive, they are working a back door deal to cover their tails. The Dardens are not totally stupid.
The only saving grace is, the Dardens own a lot of shares. We shall see how it all works out.