Reading back over the announcement this morning and our accountant must be a very busy man.
With the 27 Different wells all having different % interests and different operators paperwork would be huge.
The benefit of this is that should any of the operators strike trouble then it is never our only source of income.
10 wells in production now and with the latest being a boomer-Allows the company the freedom with more working capital to make further aquistions and ultimately increase company and SH value.
I am very excited to watch how this plays out, because with most prospecting spec stocks you have not always got the intrinsic value of the company increasing by way of producing and further acreage gains.
Im very much still sitting back and enjoying the ride and topping up the kitty at some opportune times such as we have RIGHT NOW.
IMO Cheers Pidg
Ann: Anadarko Basin Wells Continue to Exceed Expectations, page-59
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