Approaching this senario.....
They frac WR5 and get not 5-6mmcfpd but 3.5mmcfpd? or even 3 cause the tax man always wants his bit.
So it's not quite commercial but nearly. What would they do? Drill two more holes......whats a few million on two more holes if the gas can be sold and the Koreans are paying half. Kimchi!
So they should then be getting say 10mmcfpd out of all the WR holes (1,2,3,4 etc).
So ladies and Gentlemen WR is commercial on a slight improvement on the holes and a few more drilled.
Is this the rocket the stock needs?
So approaching this senario, would you try some Voodoo or start buying the fully paids at 60 cents like some of the older wiser hands are right now. I suspect some of the guys that have been bagging AYO over the last few months that are now quiet, might be buying now. Not that bagging it is a bad thing because they have been proved right.
OMR and Yogi were always close to the money on AYO. Is it buy time guys?
As you were,
DARBOX
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