Post by
mud_man on Jan 12, 2012 9:59am
this news is no news
The well is drilled and going to be fraced this week. I don't think it will make a difference in things as it has already been fectored in. I would like to see the next quarterlies to see just how much it cost them to get to 400 boe per day. It must have been high if the value of the company can't rise to 1 years revenue.
Comment by
smmtrs on Jan 12, 2012 10:45am
Let me get this straight Mud, We have a small cap company with 400 boe per day production with oil at $100 per bbl.and you don't think this news will make a difference? Your more concerned about the drilling costs. Yes drilling is expensive ,but the the return makes it well worth that investment.