Posted on Message #8454 on Investor Village; "AXAS" Message Board.
Message #8458 on Investor Village; "AXAS" Message Board.
posted showing Link on who else is presenting at same conference; Date and time.
Message #8463 on Investor Village; "AXAS" Message Board.
Also from North Dakota Web Site dated April 14:
Jan Sweet Crude Price = $31.41/barrel
Feb Sweet Crude Price = $34.11/barrel
Mar Sweet Crude Price = $31.47/barrel
Today Sweet Crude Price = $36.25/barrel (lowest since Feb 2009) (all-time high was $136.29 7/3/2008)
Price of Baken Crude finally moving up.
YAHOO keeps deleting my posting on above.
See Message #293 on Investor Village; "PQ" Message Board.
Drilling on one of three Permits.
I don't tell investors when to buy, hold, or sell a stock.
I will tell you that AXAS looks to one of best Oil & Gas Companies out there.
1. Very low Debt.
2. Super producing leases in the Bakkens.
3. Very Good Eagle Ford Wells.
4. I think AXAS gets Brent Pricing on some of its Texas Wells.
5. Low costs in drilling both Bakken and Eagle Ford Wells.
6. They have two Eagle Ford Wells drilled and awaiting completion when either Completion Costs go down or Oil Prices go Up.
7. In a months time; AXAS with have Seven Bakken Wells drilled awaiting Completion.
8. Very strong Positive Cash Flow coming in even though Oil Prices are low.
9. Can't wait until AXAS starts drilling in Wyoming; great Oil & Gas production there.
1. Completion Costs had come down.
2. Abraxas will began Completion on the 4 Well Pad; the Jore Federal #5H, 6H,7H, & 8H.in late May.
3. Abraxas will begin shortly to Complete the Two Eagle Ford Wells; Grass Farm #2H & R. Henry #1H;
4. When the Raven Rig finishes drilling the three Wells in the Bakken; the timing might be right to bring the Rig
down to drill five Wells in the Power River area.
5. Abraxas did some trading of leases with a large Oil Company to get more drilling units sites in the Bakken.
6. Costs are now down to $7 Million per Bakken Well to drill and Complete.
7. We should see some new production starting in May, 2015.
1. Abraxas is spreading their CAP EX costs nicely.
2. In the 1st quarter; all their was drilling costs.
3. In the 2nd quarter, Abraxas will do completions on Six Wells. Completion Costs are approx. half the Well's Cost.
4. Abraxas will continue drilling but only with its Company Owned Rig.
a. Saves on CAP EX.
b. Keeps their very experienced drilling rig crew stable and saves on drilling costs.
5. Additional Cash Flow will start in May.
Very good plan by Abraxas; getting assets(drilled Wells) to produce and keeping Asset (Rig) busy at all times.
Remember, Bakken and Eagle Ford Wells are long lives assets producing Cash Flow for many years.
Month..................Barrels of Oil............MCF of Natural Gas
This Message Board is now being target of traders trying to push AXAS down.
AXAS is doing better than I thought they would be at tis time.
1. With Well Completion Costs down more than expected; AXAS went ahead and completed the Grass Farm Eagle Ford Well.
2. AXAS will now start Completing the R. Henry Eagle Ford Well.
3. Later this month, AXAS will start completion on the Jore Federal Four Bakken Wells.
4. AXAS increased their Lease acreage and Working Interest in their great Bakken acreage.
5. Despite the Acquisition of more Bakken Leases; AXAS CAP X went up ony $5 Million due to the lower cost of completing wells. AXAS timing in holding off Completions is really paying off.
Beware of the traders, they only concern is to make profits at your expense.
Long ago I posted that you are an idiot.
There is no problem with Natural Gas on Abraxas part.
Third party providers were the cause of Natural Gas delivery problems.
If you bother to listen to the Conference Call, that is all fix now.
In the Second quarter, Abraxas needs to sut down may Wells so they can complete NINE More Wells. Third and Fourth Quarter will be a big Upside in Production as the Nine Wells are Producing and the shut in Wells come back on line.
Nice and short call.
1. Good news is that Abraxas is fracturing and Completing nine Wells.
a. Four Bakkens
b. Two Eagle Fords
c. Three Permian Wells.
2. Bad News; is that Abraxas needs to shut in many Wells as not to chance interfering with the New Completions.
3. When drilling is completed on the present three Wells, Abraxas will begin drilling the Six Wells Permitted..
4. Abraxas will begin drilling Wells in Wyoming in Late Summer with some one else Rigs.
5. If the Permian Wells are good, Abraxas will do more Permian Wells Fracturing and Completion..
6. Looks like the fracturing and Completion Costs have bottom.
7 Looks like more drilling will happen in the Bakkens:
a. The Six Well Permits is part of a Eleven Well Pad.
b. Abraxas will begin drilling in the new section they acquired; mainly in the State Owned Section; the Federal part takes longer to get permits.
3Rd Quarter will have NINE New Wells Producing.
Also existing Wells that were shut in while the New Wells are fractured and completion will be coming back on production.
Note #1: The Four Bakken Wells and Two Eagle Ford Wells have their highest Production is in its first three months (3rd Quarter).
Note #2: The Shut-In Wells coming back on Production will have built up pressure and will initially start will higher production.
from the transcript of 1st quarter Conference Call:
"In January, we are serviced by OKEOK, their gathering system, into their Bear Den plant. The plant had an issue. Their sales line hydrated off, it basically froze off and we went to a 100% flare"
" In addition to that, the Regency gas plant that we use out in West Texas and the Delaware Basin also went down for maintenance for about 6 weeks during the latter part of the quarter and into the second quarter."
"Good news, both issues are now fixed. The Bakken issue was fixed in March, and -- although we still had some periodic timeline pressure issues. And the West Texas Regency plant went back on this past weekend, so it will have some impact on the second quarter."