yet another fat prophets buy recommendation, page-15

Exit and better buying??

C'mon....... ?

Better buying was knowing the sp was going to do this early this year, it couldn't have been spelt out better... Horse has bolted, shut the fkn gate...

IMO, and it is only that - the horizontal drill at L44H-D2's location will produce close to Double L44H's rate, size of well bore dependant..

Why??

Look at POE-9A's results, drilling the same location with a horizontal sidetrack resulted in ~Double the volume.
NS1-D1 will be abandoned after the sidetrack, deviated horizontal NS1-D1STH well is complete. The well has only just commenced, is not complete, untested and they KNOW the horizontal deviation well will replace the existing 'PRODUCING' well. Why is that??

Personally - and please let me know if I'm wrong, I expect a fair bit over 4000bopd from L44H-D2. It's been said - don't be afraid to quote me when it doesn't produce... (It's not a ramp, I actually believe that's going to be the case..) Why else would they be re-drilling these low volume - producing wells.. How else could they predict double current volume for the FY08 if they were not certain of results.. They admit to 'ramping up production in the short term' in company ann's.
19,000 bopd FY08 is conservative.. Look out. Better buying is now.

Production is cash. Cash is a short track of other interests/projects/exploration. Short track of other projects is getting rid of the pesky SRB problem!! It all comes full circle. :o)

No intention of writing that much, but I got on a roll & none of it directed to you EL!! ........

I need a drink.... Cheers.