Mr McG, There are several wells permitted at Cedar point that could be underway right now, but only one is offshore in Galveston bay at Cedar point that can be produced concurrently with the first 2 wells in the bay estuary. That particular well was approved a few weeks ago.
Did you ask if the several wells that were completing were wells they are allowed to produce from concurrently with the first two wells? If they are not allowed concurrent production they wont add to average daily production in the short term. I would not get too excited by those in the short term.
LNC Price at posting:
$1.52 Sentiment: LT Buy Disclosure: Held
