Just got back from a week in Las Vegas. Attended a friend's son wedding. That is better than attending funerals.
Mar Sweet Crude Price = $86.72/barrel
Apr Sweet Crude Price = $85.68/barrel
May Sweet Crude Price = $88.31/barrel
Today Sweet Crude Price = $91.75/barrel (all-time high was $136.29 7/3/2008
ABRAXAS is now getting paid more for its Bakken Crude Oil.
Posted on Message #8235 on Investor Village; "AXAS" Message Board.
Message #8234 on Investor Village; "AXAS" Message Board.
Lease: Ginger Kriley
Original operator: Tengasco, Inc.
Current operator: Tengasco, Inc.
Location: T9S R18W, Sec. 3
NW NW NW
330 South, 330 East, from NW corner
Lat-long calculated from footages
County: Rooks Permit Date: Jun-06-2014
Well Type: INTENT
Status: Approved Intent to Drill
Elevation: 1981 GL
IP Oil (bbl):
IP Water (bbl):
IP GAS (MCF):
KCC Docket No.:
Gee you are over the place;
"Compared to the names of the issues above that have real market driving values"
The only name above is "ABRAXAS"
So you AGREE with us.
"what do they have in plays? They are ALL OVER the place (too many really)"
Gee "ABRAXAS" has CAP EX ONLY in two Plays; The Bakkens and the Eagle Ford.
I didn't think TWO Plays is too many.
" what the heck have these guys been doing for the last 35 years "
So you saying we all should based investment decision on when Abraxas was founded in 1977. We shouldn't look at present and forward.
If you don't like AXAS, you should leave. Maybe you are short and are stuck.
I will wait for:
1. Dutch #1 & Dutch #2 (100 % WI) to come on production this month.
2. Jore #2; #3; #4 (76% WI) Wells to have their 30 days of production this month.
Gee, I wonder where you were 35 years ago?
ED (Age 71 Years)
NO TWO RIGS:
Just one Rig drilling both Wells on same Pad:
"Abraxas is currently drilling the lateral of the Ribeye 1H below 9,600 feet. Next, the company will drill the curve and lateral section of the Ribeye 2H before zipper fracking both wells at the same time. These wells also represent the company’s first long lateral (7,000 foot) wells at Jourdanton. Abraxas owns a 100% working interest across the Jourdanton prospect. "
"The market is not bad today, oil up - lack of management PR?"
Are you Serious?
Do you expect a Press Release every two days. I gather you haven't read the June 4th Press Release.
From the Senior Dude who is older than dirt to Junior Dude; when write a reply; it is important to put an name to whom you replying to.
I hope you don't mail your checks to No Name.
CALGARY, Alberta, June 6 (Reuters) - Canada is enjoying an unexpected boom in production of ultra-light crude known as condensate, defying long-held predictions of dwindling supply. This surprising bounty from one corner of Alberta, better known as the home to Canada's vast tar-like oil sands reserves, is a boon for firms like Vermilion Energy Inc and Chevron who have built up positions in the Duvernay, now hotly tipped as one of North America's most exciting shale plays with vast reserves waiting to be tapped. It also is fuelling hope of cost relief for traditional heavy oil sands companies such as Cenovus Energy Inc, who in the past have paid premiums of up to $25 a barrel to buy imported condensate used to dilute their viscous oil sands production so that it can flow through pipelines. The change in outlook has been abrupt. A year ago, the Canadian Association of Petroleum Producers expected condensate production to shrink from 139,000 barrels per day to barely 100,000 bpd by 2025, according to its annual forecast. The group's updated forecasts, due out next week, will likely show a very different trajectory, according to Greg Stringham, vice president of oil sands and markets.
I ask you a Serious Question; how many posters or viewers read the 10Q & 10K.?
Do they even bother looking at the 8k.?
Do they read the DEF 14A (Proxy) ?
Do they know how to find the North Dakota & Texas Production on AXAS.?
Do they know where to look to find what Wells are being drilled?
I can go on and on; but why waste ti\me; most investor haven't the slightest clue.
If a viewer looks at a Message Board and find nothing but Negative comments; they have second thoughts about buying.
The same goes with all POSITIVES COMMENTS..
Most Investors are totally lost; not even knowing how to decipher a Balance Sheet.
What I noticed is all the nonsense talk when Watson said in the Conference that the newly completed Jore Federal Wells were producing at or above the last wells completed (Lillibridge.).
If anybody look; the Lillibridge Wells are Great Wells. Also if you didn't noticed; The Jore Federal Wells have a 76% Working Interest; the Lillibridge had only 34% Working Interest.
The Three JORE Federal Wells NET Production to Abraxas is worth Six Lillibridge Wells Net Production.
Based on the 1st Jore Well; the Jore Wells will produce more Natural Gas than the Lillibridge Wells.
0 users liked this posts users disliked this posts 1 Reply Look at funds Loadingss_nandha by ss_nandha • 5 hours ago Flag
Vanguard Group, Inc. (The) 3,573,704 3.81 14,151,867 Mar 31, 2014
Artisan Partners Limited Partnership 3,323,653 3.54 13,161,665 Mar 31, 2014
Northpointe Capital LLC 3,248,391 3.46 12,863,628 Mar 31, 2014
BlackRock Institutional Trust Company, N.A. 3,233,472 3.45 12,804,549 Mar 31, 2014
0 users liked this posts users disliked this posts 0 Reply Huge insider buyingss_nandha by ss_nandha • 6 hours ago Flag
1 users liked this posts users disliked this posts 0 Reply bought a bunch in 401k IRAss_nandha by ss_nandha • 6 hours ago Flag
0 users liked this posts users disliked this posts 0 Reply seems like crashing for few more daysss_nandha by ss_nandha • Jun 4, 2014 1:12 PM Flag
Reply to No Money to pay next month Salaryby drm1k3 •Jun 4, 2014 10:28 AM
ss_nandha ss_nandha • Jun 4, 2014 1:01 PM Flag0 users liked this posts users disliked this posts 1 Reply i am out. sold all
Reply to No money left? Bankruptcy is the only optionby drm1k3 •May 29, 2014 10:23 AM
ss_nandha ss_nandha • May 29, 2014 1:07 PM Flag0 users liked this posts users disliked this posts 0 Reply balance looking bad, but I think they can raise money
This Jerk is a Trader:
1. First, he tries to push stock price lower and Buys.
2. Second, he now tries to push Stock price higher so he can sell.
I also want to add that I also posted that it was strange that the day before I couldn't get on Abraxas Web Site.
Abraxas was probably uploading the Conference Presentation that had the new information.
I bought more shares on the prior dip.
Just a Note: Viagra is also the drug called Sildenafli which the Pulmonary M.D. put me on to treat Pulmonary Hypertension which prevent oxygen reaching the Blood stream.
Also; I double checked to make sure the Texas RRC GIS Map shows the Lateral end point; I went to a Dual Lateral Well (A Vertical Well with two Laterals) and it showed two End points location approx. 2/10 of mile away from each other.
I am now 99% sure that the Two Dutch Wells, #3 & #4 are from the sane pad.
Based on how Abraxas drilled RIBEYE #1 & #2 there will be little or no shut-in:
" On the company’s first two well pad at Jourdanton, Abraxas is currently drilling the lateral of the Ribeye 1H below 9,600 feet. Next, the company will drill the curve and lateral section of the Ribeye 2H before zipper fracking both wells at the same time"