Texas RRC production figures for DH457 D1H - fact HK quarterly production announcement - fact AZZ has a back-in after payout on well by well basis - fact 110 wells on 80 acre spacing - fact First cheque from DH457 in the AZZ bank account - fact Seismic indicates it is amongst the most condensate rich acreage - fact HK to focus drilling on condensate rich areas - fact HK upgrading their reserves as a result of the Dilworth well - fact The AZZ net revenue interest - unknown
That's the gamble, the NRI.
To me, add that all up onto the cash backing, and it's high upside low downside.
But hey, you disclosure says you don't hold stock John, why so emotional?
------ DYOR not investment advice
AZZ Price at posting:
37.5¢ Sentiment: Hold Disclosure: Not Held