CG24-your scenario is certainly plausible along w/a myriad of other possible structures. The one thing I would mention is that your "new concern" should be mitigated by the Presidents comment that the "Niobrara/Mancos" play is now the focus of DEJ in 2013. These guys seem pretty savy and are jumping in while the fire is hot IMO. Woodrush investment(waterflood) is starting to bear fruit & further large CAP X is unlikely. The cont. development of KOKO makes sense as there is no money upfront while they enjoy 14% of each new well before payout & 39% after which will help grease the wheels in thier effort to develop the Niobra/Mancos acreage.GLTA
Long Energy
I'm hoping Managements sincere in their conviction to TGC shareholders! IMO the jury is still out.GLTA
Thanks RBG-Informative post!
Long Energy
it went thru-not sure what it means but it can't be any worse then the past IMO
I hope they HTFU!
IMO the more DEJ can prove & develop their own assets the higher the SP-there is little doubt they are sitting on some world class "gas reserves"-let's hope WPX & Encana keep bringing in barn burners(which should give DEJ access to much needed $'s)-eventually there will be a bidding war for DEJ's CO properties & all longs will be rewarded-give it a couple yrs?GLTA
Long Energy
May 5th Sinko de Gasco
These are directional wells-probably deviated 30 to 40 degrees to get appropriate spacing-GLTA
Happy-I'd be doing cartwheels & drinking champagne outa my cowboy boots- they're now sitting on win(drill) win(sell) acreage that bodes well in either case-GLTA
As much as I dislike the idea a call into the SEC might be a good reality check for Management-just a thought-GLTA
Aquinas-lost earlier post-Anyhow need to research a little my $65 mil is high-just saying that Swan Creek has been a money pit & the wells/reserves associated with this once touted promise land were greatly overstated-time for TGC to cut & run & as someone earlier suggested pack the HQ bags & move off into KS(OK,TX?)-GL
Talk about Brokeback Mountain-TGC took a beating on that $65 million dollar venture-definetly time to move on to less risky investments in KS & elsewhere-GLTA
IMO no they recently sold their Rocky MT assets to Cirque Energy
I'm hearing you MK-shady @ best IMO-GLTY
Let producton pay off debt then insider takeover? I still have no clue where this ship's sailing-aggravating to say the lest-Hope all is well Skarie & Gramps & all Longs
Thanks- Based on the old adage don't believe anything you hear and only half of what you see I'd say there is a 50% chance that Patterson is set up (& hopefully drilling) @ Koko-2013 shaping up to be a company maker for DEJ IMO-GLTA
Don't do Facebook-is the rig in pictures Green(Frontier) or Red(Patterson)?TIA
I wish they would have quit supporting before the last so called upgrade-GLTA
they're legally obligated to report results shortly-hope for the best & prepare for the worst-something is definetly amiss IMO. GLTA
Thanks Tex- Shooting F/the hip I'm not overly impressed w/Sandridge's production in KS w/a few exceptions-(although the HZ play is in it's early stages)-I'm sure the players will fine tune the drilling & completion techniques and improve the overall economics -currently @ 3.5 mil a well the initial results I'm seeing on the KS website are marginal at best. GLTA