Here is what Halcon said about Eagle Ford Shale which includes the Stifflemire of AKK
~100,000 net acres leased – target achieved
?Acreage in “SWEET SPOT” of play
?~1,000+ future locations to drill assuming 800’ spacing
?2014 Outlook
?Expect to spud 40-50 gross operated wells w/ three rigs
?Improving Well Economics
?Reduced drilling days and lower frac cost
?Optimization of D&C techniques ongoing
?Optimizing artificial lift type and installation timing
?Recent Well Performance
?Lateral length directly correlating to EUR for wells completed with sufficient volume of proppant
?Early stage results from step out wells to the South are very encouraging
?Stifflemire 1H (1st Burleson County well)
?IP: 1,066 Boe/d (87% oil)
Here is a link to where you can find the PDF.
http://investors.halconresources.com/events.cfm
If this is all correct, where do people see AKK's share price in the next few days?
I've been excited at most announcements recently then disappointed with the lack of share price reaction. I'm aware of the share overhang from the Feb CR but this news looks huge.
Here's hoping for a good Wednesday.
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