LSE tonight, page-6738

Geeez and I thought I was getting options cheap at mid 3s a couple of weeks ago !!!

Couldve topped up with ords now if Id seen this coming.

Blinded by faith yet again ?

Perhaps.

But Im here for the HRZ "concept of plan" as is PB and DW.

The concept still exists and they are steadily working thru the various recovery methods and techniques.

As others have said the Eagle Ford wasnt made in a few weeks and there will be issues to sort.

No one can say for certain if the HRZ rocks " will perform".

But whats interesting to me is that the Icewine play at FB still fits with what happens with other shale plays albeit we must be patient ( for those with the LTH belief ) with the fact we are dealing with a vertical well which no doubt has implications for various shale development timeline factors such as longer shut-in and soak times given the smaller extent/orientation of fractures when compared to long horizontals.

But perhaps its time for DW to roll out some more expectative tactics like a few exploratory wells for the conventional fan plays.

After all its always wise to have Ur risk spread and perhaps this is a major part of the reason he has already been active in perhaps permitting these conventional prospect leads.

This is turning out very much like a roller coaster ride with some sections just plain frightening and others exhilarating, created moreso by the market reaction than anything else.

As Laz said we are all becoming much more "educated" in the vagaries of shale oil and it really is commensurate upon us as investors to bring our knowledge up to a level where we understand such an investment.

If short term investors wish to punt on upcoming outcomes then its commensurate upon them to realise just how volatile the share register has become of late given the minimal level of project knowledge and patience that the various levels of investor involved seem to have.

Some LTHers would say not necessarily a bad thing that those that dont have a better understanding of such an investment are currently jumping the ship.

ETTO I guess.

d.