re: Ann: Initial Production Rate-1,207 Boe/d ...
augusta321 "Anyhow while I agree with you AZZ and AUT will eventually be valued on the productivity of their individual acreage, I think you are starting too soon to extrapolate the results of just a few wells - until we know the flow rates and decline rates from a dozen or two dozen wells"
with regard to AUT there has been a large number of wells drilled very close & surrounding the AUT acreage by the majors. they have released EUR for some of those wells ,so including the 4 well results we have so far, AUT have a pretty good idea what their acreage can produce, but time will tell.
"The valuation discussion has already been done to death on HC and I do not want to reignite it as has tended to end up a mud slinging exercise which is counterproductive for all investors." totally agree
AZZ Price at posting:
58.0¢ Sentiment: None Disclosure: Not Held
