its just a matter of patience. once devon does do its horizontal...

its just a matter of patience.

once devon does do its horizontal drilling the production from the wells should be phenominal. the 3d seismic will help them pinpoint specific targets and when you have 10 areas feeding each well you get big flow rates.

we will probably only see these results once the money starts flowing from these wells. ie the 12.5% interests to thk will show as significant revenue on the qtrly. big us companies like devon usually dont give running commentary on each well.

i dont mind. gives me time to accumulate. lets see if the devon wells end up producing, lets say 1MMcfg/day. thats 1 million cubic feet per day. (the get over 500mmcfd in the barnett) thats 7 million dollars per day. what would you pay for 12.5% of 7million usd a day!?

the mind boggles. devon or metro will snap this one up at a premium. mark my words.

the 3d seismic will put the spotlight back on this one.

btw did you get a response from the company palsaert?