ric81281,The problem I have with that argument comes down to...

ric81281,

The problem I have with that argument comes down to Antares technical skills set.

The Eagleford proved they didn't have the skill set then, so why do you think they have it now?

We have been told categorically on numerous occasions that vertical wells would cost $2.2M max. Last year they spent $26.4M on under 6 net wells or an average of over $4.2M each.

That extra $2M per well comes out of shareholders pockets, instead of payback being in one year's time, your looking at over 30 months to payback & the return on capital employed is reduced dramatically. The actual profit margin is therefore slim & going by all I've read it would quite simply be unsustainable businesswise going forward.

Has the company ever tried to explain to shareholders why it spent such vast sums of money on these wells NO.

The other information surrounding those expensive wells that I think spell's out what they were up to, is the amount of propant (sand) that the company used in them. Personally they were trying to frac the hell out of them to try and get production rates that would impress investors and potential suitors.

So how do you know they are remotely capable of drilling horizontal wells on or near budget & that, that budget is compatible with those nearby? We don't

3 years in Southern Star production is no higher than when it was bought even although it now has twice as many productive wells, they are not maintaining things as they should do.

LOTM