RE:RE:Lackluster response
Yes, I like the volume bump and the cheap stock should be spounged up soon, then we are off to the races. That said, to me, a buck is only the start and I am sure neither Abby nor Toby got into this thing for a buck a share.
It is interesting/concerning/exciting that they were only able to go horizontal for a 1000 feet rather than meters. I lean more toward the exciting end of the spectrum .. I don't believe their analog, the Eagle Ford had pressure anywhere near these levels and became one of the most prolific oil fields in the world. If there is a ton of pressure and massive fracturing of the ARF formation this could become very interesting indeed.
Though a shorter horizontal section and thus fewer perfs, we should still be able to do some very good math on what these wells are capable. April could be a very exciting month indeed.
As always, all IMHO and please DYODD.
Cheers,
Doc.