buy in gloom sell in boom, page-7

I think that AZZ has been way oversold. This is how I see the situation:

Scott 2 and Harrison 1 – gas flowing soon AZZ has 67.5% and 75% interest.

Z1 - P and A. It cost AZZ $350K for this. I know of companies that spend 40 times that and they are dusters. Z1 was only predicted to be 1BCF anyway.

NT1 – unknown.

C1 - commercial, some further work needed. Middle Wilcox in production.

C2 – further testing required.

Yellow Rose - processing of 3D to begin shortly drilling at the end of the year or early next year.

O1 – drilling shortly 40 – 75 BCF.

Coming up – retesting of KMF 228-1

Drilling in the next few months:

H2 – 4 - 20 BCF and 400,000 bbls oil,
NT2 – 40BCF+,
C3 – 40 - 100BCF,
KR2 – 30 – 75 BCF and 30 – 100 BCF,
Gemini – 5 – 15 BCF, and
R1 - 200BCF+.

There is one thing that you can say about AZZ. They give you results straight, no trying to dress it up. Although they could mention everything else that is going on.