latest comments from pattersons re fd2, page-18

Kenpitt,

We may or may not get flow rates next week. What we do know is that their program of 11 frac jobs did not go without some real problems. What we also know is those problems weren't fatal, unlike AUT on their recent frac job. If they had been, they would have had to announce to the market, as did AUT. When they finally drill out and test, there will be some clean up period, but it will not be long, hours not days. Once they are happily into the sales line, they will be required to announce. The real risk now is that the announced flow rate is lower than their projection. That will turn the market pretty sour imho. They will not be able to hide a poor result. The long term punters will fall back on the fact that the acreage is still in the middle of the hottest play in Texas, and pray that FD3 and FD4 hurry along to prove that.