bang!! shot on the headwow big hit to your stock and portfolio, sad for prolenses with his 700,000 shares or more.
yes it is bad news well. not ther monster 100 Mmcfd + producer, nope maybe more like one thousand not a hundred thou. close tho, for Baay
tow or three years from producing, big water handling issues. Yes they will isolate the worst part of that water system in the reservoir, but they still need water disposal and that is anorther $5 mill hole is needed to produce the first! not great news with zero infra strucure just when you need a lot.
to think this was $3 last year. A great year in energy investing and this turkey is down that much. not the play for neophytes as this well shows. the pumping here was/is funny bad. This is a tough play to grasp and it looks to have weak results with coho, chinook and now royston diappointing. This tubidite system is not a rich one, time to maybe survive by getting cas online. drilling is NOT now getting good results so reign that in, work on production
lots of reasons to sell, but since most posters here have been in for the ride up and the ride down, no reason to think they would sell, for any reasons except death maybe. yes these same posters would still think this play is great! it ain't so. the results speak for themselves.