Hi Gary, sorry I had forgotten your name,
You seem to be completely correct...and also the 600boepd is indeed related to EFS.
Maybe the Kentucky well might start drilling, but mostly completions and we really only have 2 months left of year with Xmas.
Niobrara #1 looks like as you say and I mentioned previously will wait for new money (oppies). But they will drill the 3rd vertical to hold the full lease committments.
so in a way - they don't have the extra $3-4m to complete #2...and you were right on the $ stretch here
They have opted for 6 gas wells in Texas it seems and 1 new cheap ($450k) horizontal in Kentucky.
I reckon they are going for max wells, excitement and news flow in 2013 to get those oppies converted,
I can understand that logic, as that's what I would do as well.
btw-
You said you're "still holding"?
Do you mean you re-entered?
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