RE:RE:FrackingMurdo, I liked the MMT/Wade business model, but you had to buy early and sell once they cut the dividend. I am personally in this for the potential shale play, with the idea that wells like Y-1 can be converted into an economical conventional well in the event this fracking trial does not work. My understanding is they want/need to prove the shale potential to make this really pay off. If they can prove out the basin centered shale play, this is a $billion+ stock fairly soon, if not it is just another small cap stock.that may or may not make it big one day. jmo
I agree we are not getting the whole story, I am concerned that the first well did not get tied in on schedule, as they had said in Jan news release they expected to be selling gas from it by the end of Jan. How much per month cash flow will that well produce if it flows at the published initial test rate? Whatever, it is that $ could have been used to cover some of the cost overruns on Y-1. .