RE: NewcoHate to be a downer folks, but CGC or Newco will probably open around .25, maybe lower... this play won't grow a set of legs till we get more shallow wells in.
Shallow wells are cheap and almost a no brainer. Drop in a dozen this winter @ 1mmcf/d each... tie them in and then we will see some movement. Getting gas over 8 bucks would help too!