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TheBanker

8,389 Posts.

1

12/09/14

10:19

Post #: 13964005
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Originally posted by mowibble ↑

Probably a good thread to post these two maps on. Was checking out the RRC website to get an idea of just how prospective these leases really are. Not saying this is going to turn me into an O+G buy and hold type of guy all of a sudden, but it's reassuring to see just how prolific this acreage really is. Note, the red squares are not to scale, i just tried to get a rough idea from the presentation images and overlay them onto the RRC maps. The top one is where they are drilling first, presumably near the bottom of all those green dots. They are very clearly in the right place, no doubt about it. The question is really just one of flow rates.

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Unfortunately, with PYM's track record they could drive up to a service station and still hit a duster.

PYM Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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