re: good buying dont stress too much. there is very little sell depth. this will be over 40c once the value of the lease is realised.
this will happen 2 ways:
1) devon will release the results of the 6 wells its required to drill w/in the 1st 12 months. remember devon are the gurus of the barnett shale. these will be good by my guess
2) the GCA resource estimate will assign a best estimate to the amount of gas available based on all the drills since sep 05 and the recent 3d seismic. thats a lot of new data.
i dont think people understand the potential of shale plays. patience will be rewarded guys. fundamentals are there. unless there is something the directors arent telling the market we will see a turnaround.
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