re: Ann: Beach Secures $150 Million Financing... 20 tcf recoverable is beach estimate. I think the figure fot the who trough I'd 200tcf although this may grow due to some shale sections being thicker. Of that approx 20 tcf is assumed to be Recoverable. The other issue is for logistical and economic reasons I would assume confining the development of the resource in a smaller geographic area may be attractive thus why DLS may be attractive. With a few oilers trading at low prices. If beach was to acquire, there are a few options , cvn, Coe, tap , DLS . Awe , ade , all a trading a very low points, but my guess if they were to acquire, it would be shale related.
Ann: Beach Secures $150 Million Financing Facilit, page-8
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