must have read the wrong report, page-16

Cmonaussie, Couldn't agree more, great post. I too, believe the Birch is worth much more than it is being given credit for.

I just can't stop getting more positive about this announcement, the more I read and let it sink in.

Something else to think about, is just how much money will we really need to make a huge difference?

De-Risking

"In Texas, the company drilled 3 vertical wells to the Eagleford/Austin Chalk. Each well encountered Oil and Gas..."

All three wells were drilled deep enough to encounter the Eagleford, with its as stated 270ft thickness. With a little research it would appear that there are things called Vertical to Horizotal re entry wells. So it would appear that all 3 of these wells could very easily and for very little cost be completed as Horizontals containing multiple fraacs, they can also have more than one lateral from the same well bore. It maybe that the $4 million or just a touch more could actually be enough to get significant production from these wells. again decreasing any need for a CR.

I do not want to be labeled as a up ramper but this is what I get from the annoucement, and am very bullish.

All just MHO