Im going to let you all in on some research that i was doing before this stock really took off.
On 31st october 2007 antares anounced that they had leased and optioned 17500 acres of the 39000 acres in the seismic survey.
I dropped a hint a while back but no-one took up on what i was saying.
Antares announced that they had leased 8200 acres for the yellow rose project.
When the deal with petrohawke was done, nobody really questioned where that land came from.
Antares has/or had 9300 acres of current optioned land which is VERY prospective for the eagleford shale.
So guess what they still have about 4200 highly prospective eagleford shale additional acres which in my opinion they will now convert into a lease with SIDC.
This information can be arrived at by piecing together azzs announcements.
The azz/sidc allianance has access to further land to the northeast which is believed to have increased condensate/gas production.
Do you really think Petrohawke and Pioneer will watch as we develop into a midsized US oil and gas company.
Do i have verification for this ,well ill let you be the judge.
All the best K.
AZZ Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
