GREY:PENFF - Post by User
Comment by
Leewardcapeon Feb 10, 2013 1:18pm
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Post# 20965170
RE: RE: RE: RE: RE: RE: RE: RE: Nat Gas prices Alb
RE: RE: RE: RE: RE: RE: RE: RE: Nat Gas prices Alb But Focus, that is the $64,000 question!
The powerpoint presentation on the website says "Q1 2013", but the new CEO says "2013"- without mentioning when. I think all three companies need to wait until they have enough in the bank before drilling this all-important 4th well. And I think that's where the problem lies: the mistake on the 2nd well, plus only 988 boe/day on the 3rd well leaves all three without enough cash for the 4th. At least, not enough to go ahead with #4 during Q1 2013.
I also think that the mistake on #2, plus the "hurry-up" to get #4 drilled during Q1 2013 is what got Tom Yingling voted out.
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