GREY:HPXRF - Post by User
Comment by
nlr2on Nov 23, 2012 2:50am
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Post# 20634733
RE: Great results
RE: Great results Production will stall out here. The game has changed from production growth too proving up Niton. They are 2 wells done out of the 15 indicated by the research reports that it will take to deliniate the play. Once thats done the land will be revalued from $300 an acre to something more inline with proven Cardium lands like the $4000 an acre they indicated in their Q3 reports. Exciting times if it works out. The spread narrowed today and I was able to buy some more with my Spartan money. Fingers crossed for continued above type curve wells. Also excited to hear the SEPAC presentation.