what is going on?, page-16

from oilcan22 here is the straight skinny, Texas production figures appear not impressive but that may not tell all the story. Since Jan 2010 thru Sept oil produced 54416 bo or 225 bopd & a little over 108 million cubic ft of gas or 448,132 cubic ft per day. This is for 4 wells, and frankly 3 since the last well could not have much by sept.All info indicates they early on went to restricted flow rates. West side of eagleford play not as good as east. San Iisidro the operating partner and Antares not as good as EOG or Pioneer at engineering and operating probably. Antares has had least $60 million in wells,equip,pipeline and infracture. The real question to value is the per well EUR. If it is 300,000 bo or more then these other companies will do better at improving prod techniques. My view it is worth more than most think even with the lousy prod figures because of potential. Make take some time. 0.85 cents per share. only opinion do not make investment based on this.