i think the lack of drilling on the AMI in 2011 is going to be a factor for EKA as most the drilling will be on longhorn but the new acreage EKA picked up would be more of a concern.
1 who is going to be operator for the new acres?
2 how good are the new acres, they are 90 miles NE of AMI which is already in the NE part of the play?
3 where is the cash coming from to drill at $7 to $8m per well , better not be a duster?
4 old management knew exactly what was going on through AUT which have the association with hilcorp, does the new management have the same association ?
AUT has about 7 times the net acres without EKA new acres (761acres).
technical insight on aut, page-8
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