RE:Thoughts on results?solid results , perhaps a little below my expectations but certainly above the type curve,Still a bit of time to come before we will understand the ip 30.
take aways 1) six well spacing is economic expect this to be utilized across the caney.
2) t zone well economic opensup potential for very large gain in proven reserves
3) expect on the back of these results and oil holding above 70 afalldrilling program
for 3 more wells
4) should lead to exit production north of 5000/ 6000 BOED a 50 % increase
5) continuesto be very undervalued on a proven reserve basis andfairly valued on a cash
flow basis
6) makes it an attractive acquisition at 8 to 10 a share from a strong balance sheet.