RE:RE:RE:Took an initial position today.....Hendrick...go slide 11 on the most recent presentation.
See that big yellow area...Entrada has been testing all around it but they can only afford to do like 2 wells per year. Both IPO and Entrada have seemed to not test what they have joint.
But f*ck is it look really promising....Entrada did one close to that large block (some of which we own 100%)....I looked last week and I forget exactly how many sections but we should have at least 20 wells there or more.
But anyway...Entrada did 75000 barrels of oil and 400000 of NG in one year of production....that is smokin good.....Bonterra is lucky if they can get that from 3 new wells...not kidding...