RE: pretty quite board here"Producing in the not-too-distant future"? Not until 4th quarter 2011, according to PXM's March presentation on their website.
"Hook up to pipelines"? Still in the "design and approval" stage, says their March 23 update.
Cleanup fracturing? "Design and approval stage".
Improvement in JV partner's financials will help PXM share price? Didn't make any difference.
"Upcoming news will be catalyst"? See above.
Where's the value here? Their 2P Net Present Value before taxes is
.13 per share. (March presentation). I have to admit I don't know if the NPV is based only on the existing well production capacity or on PXM's interpolation of the entire two basins. Or if it reflects the November disappointment in the offsets to the ML #1-10.
I own a little of this, and I hope somebody who understands the situation better than me will put up a more optimistic but fact-based outlook.