AZZ 0.00% $7.50 antares energy limited

Freeprom, see below research done by Patersons released on the...

  1. 325 Posts.
    Freeprom, see below research done by Patersons released on the 9th September, notice they think it is a 50% interest after payback of well. Also see our seller still around with a 500k sale going through at .395 May have to wait a bit longer before they are gone.

    AZZ has today announced that the Donnell-457 No. 1H in the Hawkville Term Assignment area has been brought into production, achieving an IP of 563boped and 3,628mscf/d (1168boepd), which is well above the mid-case assumed IP of 484boepd. We eagerly await further production and decline data from this latest well, which will likely be a dramatic improvement on results to date, given the learning curve and Petro hawks expertise. AZZ also announced Petrohawk has commenced drilling of the second well in the area, the FD-1H with a planned horizontal length of ~8,000ft. While the details of the agreement over this area are confidential, it is believed that Petrohawk has a right to earn a 50% WI interest in the recovering its drilling costs. The area of 8,558 acres (4,279 net) requires 14 wells to hold it by production and borders the oil and gas/condensate window.
 
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