vaga,
couldn't agree more about targets. The market likes over-delivery. I've no problem with their conservative approach, particularly as they have 3 blocks in different places and one of those is in the volatile oil trend by the look of it. I felt, however, that there was a contradiction between the frac plan and the assumed spacing and that the latter might be conservative. Also, the JV is still adding to its acreage. Each should do his/her own research, of course.
Good to see a time scale for news on Bigham, though - about 4 or 5 weeks.
Ann: Eagle Ford Shale Activities Update , page-14
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