insider trader-stock pick of the week - 06feb, page-15

Here we go again. As you are so interested in facts rather than rhetoric please outline exactly which technology you think is going to make a difference here? What are they doing fundamentally differently to what was being done in 1940+?? Vertical wells with beam pumps and a bit of sand control - pioneering stuff!

HC doesn't allow me to share files so I am afraid I cannot I have however posted the results and pointed you to the raw data so you can re-create the analysis yourself. Feel free to ignore it, in which case you and everyone else should go and download the data for themselves and do the analysis as nothing I publish is believable.

Your mind is unchangable so there is little point in engaging in conversation.

I will however point out some facts for you as your posts often contain blatantly incorrect statements (e.g. "the Texas RRC doesn't require reporting of production from wells less than one year old")

1.) Proved reserves life is defined as Proved Reserves/Annual Production. Which for Saudi Arabia is about 74 years (they are producing ~10MMbbl/d) and for MAD over 500years - MADs proved reserve life is longer than Saudi Arabia (and probably any company with production) QED.
2.) The Het Lime is a shallow formation (look at a stratigraphic column) therefore you will inevitably drill through it on the way to deeper formations and the stated TDs are not consistent with targeting Het lime only.
3.) There is nothing legally binding about in the reserves report. Have you read the disclaimer or any disclaimer on a reserves report?
4.) This salt dome is pretty well understood courtesy of the hundreds of wells that have been drilled in it already.

You attack me and tell me to post proof – I have posted lots of information on this stock which has required aggregation from the public domain and always outline shortcomings in any assumptions I have had to make. Again – you don’t have to believe the information, but don’t say I am not posting back up data.

Let us know when you get some feedback on the chart.

Short