got stopped out yesterday at 0.21 and last week at 0.23..Seems to be the big boys at work...The big boys are doing a good job triggering the stop losses..
Buc, If ever bluff produce 600bpd, they dont have to sell any acres. Accordingly to patterson report, it costs about 3 million to drill a bluff well. Hence after farm out, probably we will be paying only 1 million per well. It should breakeven within a few months.
So what i am wondering is why are they taking so long when it costs only 3 million to drill a well and the prize is 350 million. Are they afraid to burst the bubble?
SSN Price at posting:
2.5¢ Sentiment: LT Buy Disclosure: Held
