While they claim their primary goal is the Edwards Lst they are also v interested in the Eagleford. If Edwards (underlies Eagleford and yet to be intersected) isn't up to expectations I'm sure they'll be happy to produce from this thick Eagleford reservoir. Fantastic that they have sewn up an 8200 acre position at Y.R. with estimated 2600 acres of Edwards trend. Seems the Eagleford might be more extensive in area than Edwards.
It's going to be interesting to hear result of Petrohawk's well immediately next door. Also to hear in due course what cash they received from Petrohawk for the partial lease assignment and what back-in arrangements AZZ has negotiated (on a well-by-well basis) over this area.
AZZ Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
