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Goodrich Petroleum Corp. Message Board

oldpro70 4 posts  |  Last Activity: Jun 19, 2014 10:20 AM Member since: Jan 14, 2002
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  • Reply to

    new well result

    by mehls17 Jun 18, 2014 1:39 PM
    oldpro70 oldpro70 Jun 19, 2014 10:20 AM Flag

    Can not disagree with you on any of your points.The truth is that this resource play in the TMS TREND is still a work in progress and one on which you should not bet the entire farm.

  • oldpro70 by oldpro70 Jun 18, 2014 12:52 PM Flag

    Well,its nice to get a polite response asking for clarification on my post.If you read it correctly,I said there may well be sweet spots within the TREND.That is true on every resource play in the country.You must find a rock that has been properly aged with heat and pressure to become brittle.It must also contain the organic material to form hydrocarbons.Numerous very capable companies have tried the TMS over a large portion of Central Louisiana and Southwest Mississippi and have elected to not pursue their efforts there by selling out to about three who believe they can be successful over a large spread of this TREND.The TMS so far has been a loser even though a few wells may have paid out.Some of the losers cost as much as 25 or 30 million dollars and failed to produce.My only reason for even posting here is to suggest caution rather than run away exultation over the IP reports.

    Sentiment: Sell

  • oldpro70 by oldpro70 Jun 18, 2014 12:26 PM Flag

    I should have known better than to post something that makes sense on any board.Any oil or gas play that has limits that can be geographically placed on a map is a trend.Even resource plays are trends.Must be a kid.Good bye all.

    Sentiment: Sell

  • oldpro70 by oldpro70 Jun 18, 2014 11:17 AM Flag

    No matter how good your technology is,you can never overcome the law of physics.One simply cannot frac a vanilla pudding.You may get some good initial results but it will soon close close back up to its original form.There may well be some sweet spots in the TMS but the overall trend is a loser.

    Sentiment: Sell

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