AZZ 0.00% $7.50 antares energy limited

Benmoff,have you considered that the pressure depletion in the...

  1. 708 Posts.
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    Benmoff,have you considered that the pressure depletion in the lower section of Garcitas ranch may be the calalyst for the sell off.Now if they are unable to produce from this zone,it could have a large impact on this field.Considering they have gone ahead and drilled another well before testing.
    Sushi 1 is very pessimistic on everything it seems,although the company currently is still full of blue sky.There are 5 wells which have exibited good gas shows and one still drilling,but not one of them are producing anything at the moment.
    If you forget about the ellis and associated fields,this company is basically starting from scratch.Indications so far are very positive but we still dont have the cash rolling in the door and lack of meaningful production makes this stock speculative.
    As for lonesome dove you are correct,most who follow this stock already knew it was a duster.As for the oil sand ,commercial oil can be 10 barrels per day(irrelevent).
    You and I both know that the fundamentals of this stock havent changed unless we have major problems with the lower zone on garcitas ranch (then we are headed south further).In the origional well on this field it had to fracced to flow at higher rates,so maybe this is still part of the course.
    If you can find a 10 bagger let sushi 1 know as he is stresed at the moment.Good luck.
 
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