why is price down down down??, page-7

I had posted this at a previous time, may be worth repeating for the newies.

For those that have followed the action since spudding, remember they started drilling with an exploration rig, then changed to a production rig to continue. This was well before they hit the current production well depth. They obviously had good reason or indications early on at a higher level to warrant the higher cost. They have indicated a larger find to compliment the current production well, so they are happy to get some income and prepare for the identified larger find. The current well has to be well choked so that only gas comes out and hence a lower volume, that rate may increase, there are fluids also as stated but they are not interested in them at the moment otherwise they would have to separate more of them out for entry to the existing pipeline. Keep the faith, this is a salt dome in Louisiana, known for their high production from high porosity wells. My opinion only.