HOUSTON, Mar. 18
By OGJ editors
Strata-X Energy Ltd., Golden, Colo., plans to drill a horizontal well in the Illinois basin to test for oil in an undisclosed dolomitic formation below the Devonian New Albany shale.
The company doesn’t reveal the precise location of its Vail oil project for competitive reasons but said it holds 100% interest in 46,300 net acres in what it interprets as an unconventional continuous oil accumulation. If an application to drill is approved, it would spud the well in the second quarter of 2013.
The company described the proposed well as to have a 4,300-ft horizontal leg at 4,500 ft true vertical depth and said it is acquiring seismic to help with geosteering.
The dolomitic reservoir is interpreted to extend over 500 sq miles at 3,500-5,000 ft based on an in-house analysis of 120 historic wells that intersected the reservoir, the company said. It cited geologic studies that indicate that the New Albany shale has expelled more than 300 billion bbl of oil, of which more than 4 billion bbl have been produced from shallower formations.
yhoo would not post my alkane progression because I used the lesserthan sign.
methane, ethane, propane, butane, pentane, hexane, heptane, octane.
Octane, believe it or not, has a higher boiling point than water.
ethane has a much lower boiling point than propane and propane liquifies at about 130psi at room temp.
You must be thinking of butane.
It goes like this.
the lowest boiling point is methane
Len, I get this twitch in my buy finger whenever WMC drops below 20. Is there something wrong with me?
Ok , exercise it more whenever that happens.
To me, Hold means an expectation of modest gains in the next month. And it is true, I would not add nor sell AGNC at this point. There are other issues with better potential if one is going to be spending.
Heh, after this week's run especially on largecaps, there might not be much left to spend on.
Light correction next week?
Mr Elliot Wave thinks so.
I only placed a few cards on it,
Today concerned me but not enough to take the meager gain. In the IRA's I am inclined to hold past divy. In the trading accounts take the profits.
Now that the big dogs have reported in, it is free to run. run like the wind
My new price target is 114 by the end of next week....
Good Idea. When prices run up and you think your favorite company is starbound, time to take a reality pill.
I will give it two more weeks and then consider shorting. Largecaps move in waves, and waves have tops.
In the end the shorts will come out fine. Only an idiot buys this thing at ten year forward earnings. It is a momentum play only without sound fundamentals to support it. You can't even compare it to Amazon's gravity defiance because where is the market growth for tsla at their prices?
JT, have you ever looked at the BDC's for pairs? They seem to be quite predictable in a channel. I buy FSC around 10.8 and try to sell and short around 11.0. It is good for a few cycles every month. That is when my capital is not tied up in longer trades.
Philosophically my highest hurdle has been shorting, but now I am finding it more comfortable than buying long in this situationally toppy market.
I decided it was too much of a gamble[puts]. And I do not have the capital for pairs trading.... yet. So I watch and learn.
Nice little dip they provide us once again just before earnings.
It took off before I could add to my stake from yesterday.
Aint complaining. Love the timing. Bang down, float back up.
Just thinking about june puts on mitt. Need more time to think the probability.
I smell broad profit taking tomorrow.
on these panic spikes.
My 100 17.5 octobers are liking it.
Tomorrow is a broad market down day for profit taking.
I am taking applications for puts before expiration tomorrow.
I am liking MSFT. strike 34 for .13. Doubler if it drops a quarter.
Bourbon money for the crew this weekend.