XCD 0.00% 1.1¢ xcd energy limited

lots compare with AUT and AZZ but at the end of the day are in...

  1. 290 Posts.
    lots compare with AUT and AZZ but at the end of the day are in two different basins and plays. The eagleford is the top unconventional oil basin at present probably closely followed by the Bakken shale. By what i read the niabrara is a little more complex than the aforementioned, just like the eagleford was when aut first started out.

    But ete have drilled a couple wells know so hopefully they are building an understanding of the geology and will be able to convert this knowledge to some good flow rates in the next campaign. None the less i thought the resource upgrade was good just suprised we didnt get more kick. I think this is due to old holders that were frustrated at old management getting out. but new mgmt in so hopefully good times ahead.
 
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