AZZ 0.00% $7.50 antares energy limited

the largest u.s. oil discovery since the 1970s, page-23

  1. 26 Posts.
    Nucular: The reasoning you just gave is the reason I own 50,000 shares of AZZ. After the extension I got worried and really did some research. If we really have 800 bopd then I would feel great. No doubt the price would be .85 to 1.30 per share in a sale. I think the devil is in the details. In the August Good Oil conference they gave the following details FD #2H completed 1/28/2010, FD# 3H completed 5/19/2010, FD# 4H completed 6/30/2010, Epley 1H cleaning up on 14/64ths choke. All but the Epley 1H are on the Francis Dilworth lease, the production reports for Feb,Mar,Apr 2010 which could only be the FD2H was Feb 6959 bo, Mar 4288 bo, Apr 3374 bo,an average of 162 bopd. Gas production for 3 months combined is 36,000,000 or 404,000 cubic cfpd. They admitted to problems with the lateral and the well suffered. We then show total production for May 5306 bo, June 9373 bo, July 9865, Aug 8172,and Sept 5002. After the FD 3H they said they were going to reduced chokes and flow rates. Will the wells do 800 bopd, probably, are they, I think the above figures are accurate.
 
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