some good and valid points in all that. My question would be if the Austin asset is so good and the drilling so expensive ($750K a hole is ridiculous by the way - maybe $450 tops) why on earth are they wasting their time drilling some scungy gold play that is never going to be anything.
I think Archer will make a big difference and will focus them on the things that might actually make a difference in the market rather than just in the world of academic geology.
SWN Price at posting:
5.9¢ Sentiment: LT Buy Disclosure: Held