From Press Release"
"In East Texas, the Company is actively preparing for a significant increase to its horizontal Cotton Valley program. Permitting and drilling location preparation have commenced at several of the proposed 2014 sites. The Company expects to take delivery of an operated rig in January of 2014 with drilling to commence shortly thereafter. The Company expects to drill 8 to 10 horizontal Cotton Valley wells in 2014 compared to one well in 2013."
Yet another Pending Cotton Valley Well in Panola County; Werner Sawmill Unit #1H
Message #160 on Investor Village.
Posted on Investor Village; Message #159; "PQ" Message Board.
1. Mr. Porter let slip that Husky is the Partner at Mid Continental.
2. Also from the Press Release:
" The Mid-Con 6H (GST 50% WI) well was completed in early October and is currently producing at a gross production rate of 774 BOE per day, of which 86% is oil, and which rate is expected to increase as completion fluid is recovered."
The Production has already gone Up an additional 100 BOE.
3. The last person that asked Mr. Porter a question gothim to say the Senior Secured Notes Sale will happen Very Soon.
4. New Marcellus production won't start until 2nd Quarter of 2014.
That is all I can remember; getting Old; Senile; and Deaf at age 70.
Now where is that Diet Dr. Pepper.
Posted on Investor village; Message #158; "PQ Message Board.
1. " We had no borrowings outstanding on our $50 million revolving credit facility at the end of the third quarter of 2013"
2. "We plan to fund the remainder of our 2013 capital program, including the WEHLU acquisition, through existing cash balances, internally generated cash flow from operating activities, proceeds from our preferred share offering, the possible issuance of additional debt or borrowings under the revolving credit facility. "
3. " Upon completion of the WEHLU acquisition, our revolving credit facility borrowing base is anticipated to increase to $90 to $110 million."
I am anxious to see the 10Q to see how much Cash Gastar had at end of 3rd quarter. I still think Gastar will issued more Senior Secured just to accelerated their Drilling of Hunton Limestone Wells.
Cash Flow before spending on CAP EX is approx. $10 Million a Quarter.
Just a Note: I haven't seen the new 10Q; but best guess is that the entire Unrealized Hedge Losses with be Reversed to a Gain of the same amount come December 31, 2013w if Oil Prices remain at todays Level.
ED (drinking a Hot Dunkin Donut Coffee my son brought me plus a Vanilla Long John)
Life is good
Gastar now has the Hunton Wells Projectset up just like an assembling line which Gastar did with its Marcellus Project:
"Our seventh non-operated Hunton well, the Mid-Con 7H (GST 50% WI) has been drilled to total depth and completion operations have commenced.
We began drilling our first operated Hunton well, the Burton 16-1H (GST 79% WI), in October 2013, and completion operations should commence in approximately ten days. Our second operated well, the Townsend 6-1H (GST 100% WI) is expected to commence drilling operations in early November 2013. Flow back operations on the Burton 16-1H and the Townsend 6-1H are expected to begin by late November and late December 2013, respectively."
Also a Big Plus:
""In October, we drilled our first operated well in the Hunton to test the acreage we acquired in June from Chesapeake Energy and will commence completion operations soon, with initial flow back expected in late November. By leveraging the drilling experience we gained in the Marcellus, we successfully drilled our first operated Hunton well in only 26 days at a lower drilling cost than we have experienced in our AMI third-party operated wells"
The Marcellus Project will start to zoom come March, 2014.
ED (a happy man drinking his Diet Dr. Pepper)
"The Mid-Con 6H (GST 50% WI) well was completed in early October and is currently producing at a gross production rate of 774 BOE per day, of which 86% is oil, and which rate is expected to increase as completion fluid is recovered.
Finally; A Hunton Well that is as good as the 2nd Hunton Well.
This to me, means Gastar can replicate the Very Good Results at Very Low Well Costs.
Also Slide #20:
Camaro A 1H Eagle Ford 5,000 19 NA NA Waiting on completion
ED( Drinking my Diet Dr. Pepper and watching chimalot fix his Flat tires on his wagon)
Did you fix all those flat fires on your tricycle including the training wheels.
Have you done any Due Diligence and posted them on this Message Board.
"Let's Ride!" is plain stupid.
With the New 4 Well completion come soon:
From latest Presentation:
Pershing Field (Lillibridge)
4 drilled, prepping for quad frac
Yes $6.00 is too Low.
New Permit Pending on Payne Unit B Well#2 in Madison County(Woodbine We
How much are you getting paid; Or you just posting junk trying to get END stock price down because you and jonfelix are short the stock.
The Shares are $25 , not $10.
Like I said wait to 11/05 to trade if you really want Preferred Stock.
That is your call.
The Price will still be approx. $25.00.
My Opinion: You buy Preferred if you want the Dividend.
If Interest Rate goes Up; the Preferred Stock Value will fall.
The Par Value of $25 will be all that you can get.in the long run.
CXPO Pending(Newer) Wells September Production
Posted on Investor Village, ""USEG" Message Board
Please send me the Pudding you have stored away. Yes the Vanilla & Chocolate & Butterscotch.
If you bother to do any Due Diligence; look at Page #17 of the 2nd Quarter 10Q showing all the Hedges.
At the End of the 3rd Quarter, WTI ended at $102.36 which exceed the Costless Collars Call Prices of $97.50; $95.00; & $97.25 for Months starting October, 2013.
Today's WTI was $94.61 which is now below the Call prices; thereby erasing all the Liabilities of Unrealized Losses on the Balance Sheet if they were closed today.
If Oil goes over $95.00, Realized & Unrealized Losses will appear again.
If Oil drops below $90.00-; Realized & Unrealized Gains will appear.
ED (sitting and waiting for my pudding)
Message #91 on Investor Village; "MCF" Message Board
I lost $10 Million using Everest Market Research; I then did the opposite and made $100 Million. I then bought "Everest " and fired everyone except katrinecfeday.
Katrinecfeday; YOU ARE FIRED !!!!!!!!!!!!!!!!!!!!