RE: today's volumeVerbonac needs to take off the extra deep tint rose colored glasses. Production has withered. Unable to get gas into production. Always excuses as to why production never climbs - no pipeline, no equipment, equipment breaking, etc etc etc. His $7+ targets are as ridiculous as they look.
.
Now ~1600 boed (how much of that is gas?) Pathetic. And what happened to the oil that was "supposed" to be coming from the first Silurian well?
.
WIX is rolling the dice on this next Silurian well - will eat up all their cash. If it's a duster, there will be hell to pay. And if it's more gas, no way to get to market until 2014. Only one good potential outcome, so seems uber high risk to me.
.
I wouldn't touch until after the upcoming Silurian well is tested - too much risk to the downside should they miss.