Post by
stateside on Oct 20, 2011 10:09am
Next well should floe at 3,000 boed
Think the market will like that LOL. Based on the longer horizontal, this is what surrounding wells achieved and what PEN/BBI should get. Will need to wait 3-4 months for that news which 99% won't do here because of a lack of patience but those who waited 5 months since June are reaping the rewards.
stateside
Comment by
Titi on Oct 20, 2011 2:04pm
Hi statesideGood article, I enjoyed it a lot and makes me warm and cozy.Could you tell me if my thinking is right?With this well alone we worth almost double than before (it should at to pen's coffer about 5 million dollars)thankstiti
Comment by
stateside on Oct 20, 2011 2:14pm
Hi,Yes, this well essentially "proves" the play so now all 27 wells at this short lateral or 13 wells at the next longer lateral can be forecast and put some numbers behind it. The stock is significantly undervalued looking out 1-2 years but it has had a nice 200% gain in a week so it may need to setlle in here for a while.stateside
Comment by
Titi on Oct 20, 2011 2:24pm
Thanks statesideI know the % is staggering and the technical need to catch up with the price.I think today is still looking good.titi