re: Ann: Wilcox Update - Heintschel 1 flows g... the turtle
the whoppa wells cost $2.5mil a pop for burleson at current 20% working interest.
wilcox wells cost around $1mil
how do you see Burleson getting more holes in the ground without doing a cap raising when they are not cash positive, and the 3 possible wells they could get gas from now isnt enough to make them cash positive?
Do you think they will apply for a personal loan at the bank?
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