Whats the deal with these note holders anyone? I don`t understand how these are converted. They are not like the options where they have a set exercise price do they? So what I`m on about is. How many of these suckers are yet to convert and flog? And what is the conversion price etc. They must be doing dough selling the ords at such a low price?
This Jet 3 has got to be around the same as Rocket 2 by now. Around 1500 feet. Judging by this distance AND the size of the flare one would think we are pretty well guaranteed of producing 5mmcfd +..........I am hoping for a full 5000 feet lateral and 15mmcfd. That way, when the rates drop off, we will end up with around 8mmcfd that could flow for around 10 years based on wells in the area! Something for you all to think about that my broker said to me;
At the end of the day it really depends on sustainable flow rates, the number of successfull wells drilled and controlling drilling costs.
Guys, on success rate so far, we ARE ON TRACK to success!
BUR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
