My research shows that the mid point of antares northern star acreage is only about 9 miles north of the midpoint of w&t's bulk of yellow rose acreage in martin county.
2012 is going to be a very big year for drilling in the permian basin.With so many hydrocarbon rich horizons being tested with verticles and horizontals alike ,we are likely to be bombarded with a constant flow of drill and production data.
With petrohawk amassing significant acreage positions in Terry and Lynn counties before being taken over shows the prospectivity of this northern region in the permian basin.
Im confident come years end, you will find that the permian basin will be demanding significantly more attention than it is now,and that antares has made the right move in its acreage selection thus far.
My gut instinct is another permian aquisition before the AGM in May.The company dosent need $200m credit for southern star development drilling.
All the best.
AZZ Price at posting:
42.5¢ Sentiment: Hold Disclosure: Held
