EXPM:AZBCF - Post by User
Post by
Cabrio1on Jul 04, 2014 9:10pm
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Post# 22717746
My opinion
My opinionOK, so now we hire a reservoir engineering firm and intent to raise money or get a JV partner.
IMO, we would not hire a reservoir engineer to do a resource estimate unless they liked what they found on the COV-x2 frac.
First and foremost, we proved that there is oil (not gas) on the western front of the VM.
I think we have enough money to do a re-frac of COV-x2, but we need money to do serious drilling including a horizontal frac or a series of horizontal fracs.