AKK 0.00% 0.3¢ austin exploration limited

Ann: Colorado Operational Update, page-35

  1. 10,959 Posts.
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    LOL Kevvy - was wondering what response I might get to the BBQ.... mine was "Stick a fork in him - he's done" - take your pick as to which him

    BTW everyone see this... bolding is mine. Relevance is that's Curington operator. Next thought was how much adjacent/pooled acreage might we have potential had. Probably not significant but it is an indication of how widespread the new drill curtailment is becoming.
    http://finance.yahoo.com/news/comstock-resources-inc-announces-2015-141101278.html

    COMSTOCK RESOURCES, INC. ANNOUNCES
    2015 EXPLORATION AND DEVELOPMENT BUDGET

    "In response to low oil prices, the Company plans to suspend its oil directed drilling activity in its Eagle Ford shale properties in South and East Texas and in the Tuscaloosa Marine shale in Mississippi. Comstock has released its rig in the Tuscaloosa Marine shale and will postpone its drilling activity there until oil prices improve. Comstock currently has four operated rigs drilling on its Eagle Ford shale properties. The Company will release two of these rigs in early 2015 and will move the other two rigs to North Louisiana to start up a drilling program on its Haynesville shale natural gas properties."

 
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