sellers drying up again, page-3

Oakone

I agree the chart looks good .. on a daily but also importantly there is strong uptrend on the weekly.

Nobody will want to be short if laterals come in as expected! When you say they might increase reserves by 5-10 fold ... do you mean reserves or production rates? In other words how are rates of producibility used in assessing reserves. I assume that caol seam area and thickness (along with some degree of extrapoloation on the basis of seismics) and gas saturation plus permeability are used ... but just how do flow rates affect actual reserves?? Maybe we should ask Casey?

H