Uncle Panda: Very well summarized. See my comments to pra 7 below.
Papaw: Expenditure of 19.4 mil last quarter may include costs for drilling Harrison #3, which have to be prepaid. Well has been approved on JAN11,2011. http://webapps.rrc.state.tx.us/DP/publicQuerySearchAction.do;jsessionid=NZwQFZr9D33td7pL4Fg0RPDBf1jft8wxQnWZ8sPmT3vL9KgNCTGK!628009127
As for para 7 . I am not impressed with managements wishful thinking or announcement of SP $1 by the end of the year at all. -- Hopefully its more than that. ;)
Agree with IFINO: Believe around 50 wells. Although initiall production of the first results will be reduced in the longer term. Still very very good results.
Still positive.Still buying at these prices.
AZZ Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
