All quite on the western front, not a comment yet about the quarterly.
I've had a quick read and while I traditionally have liked the company it is now starting to look like a constant under deliverer.
While they can still make some money out of NSA at this stage they will be in trouble in 12 - 18 months when they need gas to lift the oil.
Dropping production also does not look good.
Really need to get some action on Paris Valley this quarter rather than just talk. You also wonder about whether they want their farmouts for Osso etc to be concluded as while they are farmed down it will still cost them some $.
Anybody got an idea on what the costs would be based on current rig costs?
They are still acquiring leases though which make me think that they have the maturity to look out 5 - 10 years and continue to execute on the plan. So it may just be a hard road for shareholders over the next 12 - 24 months maybe until the plan comes to fruition?
SAE Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held
