Soredawg,Nucular,u have both done well getting in at those...

Soredawg,Nucular,u have both done well getting in at those prices imo.Waterfrontage posted earlier and generally agree
with what he was saying except its not 800 wells over the next couple of years but rather over 5 years.Having said
that i personally don't think this is possible.Having said that i don't think that rfe has lapsed as much as some would think.The last acreage acquisition at s.eok i think was a major coup and at a fire sale price.This has given rfe now total acreage that can support upto 1400 odd wells.
So why is this significant?
Firstly,they can now concentrate solely on drilling and
proving up reserves.They now have enough targets to drill
for the next 10 years.
Secondly,because they have so many potential targets,as they bring more gas to tap,the revenue can pay for the expansion of drilling and thus drilling should be able to
be done exponentially.
Thirdly,and i'm hoping here,because they don't need any more acreage for the foreseable future and well production
should be more or less funded through gas sales and $14 mil
in the bank i don't see any need for capital raising for quite a while unless some opportunity comes up.