GREY:CHTYF - Post by User
Post by
RIG500on Mar 26, 2014 12:12pm
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Post# 22370045
This might explain the spike
This might explain the spikeFrom the haywood report:
In Dec/13 Marquee announced it had drilled its best well to date at Michichi (drilled within the sweet spot) testing at ~900 boe/d and producing ~230 boe/d over the first 30 days. Marquee has drilled three Michichi horizontal wells in Q1/14 and expects to report stabilized production from these wells early in Q2/14. We believe results have the potential to be a good operational catalyst for the stock.
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If they announce similar results in April, we will deifnitely go over $1.