re: no drilling permits.
I think a major probem with this company is that they were pinning a lot of their hopes on the burleson leases, but with YPU1 so poor the forward plans have been negatively impacted.
But this has been offset to an extent by the success at Marlin 1 & 2. With 2 drilling a full lateral, I'm hoping for 20MMCFD, but this well is at the edges of known field outlines, so it may only be 10?
I'm hoping we have some more options before the "new" leases they are hoping to farm into and drill next year.
Maybe the re-entries are next in line, but Mikes been talking about them for over 6 mths now and no action yet?
Very dissapointing, but I won't be selling now :(
ann out, page-13
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