They have some participations in Diaz's canadian shallow ngas wells but likely won't in the future. They have a full plate. Six more drilling sites at Hound Dog and Hancock will occupy the next 18-24 months. Should push them well over 1000boepd. NW Speaks is the wild card. Nearby wells have been huge, in the 20-25mmcfpd range. El Paso Natural Gas is the nearest driller. CEO said NW Speaks was his favorite. They have 50% working interest so would have a huge impact if they hit a big one.
Sharon has an amazing inventory for a company this size. Not sure what you are looking for. At $8 million a pop, these wells will strain even Sharon's improved cashflow.
The only drawback is how long it takes them to drill, test and complete the multiple zones. CEO is looking for a second rig and DIAZ appears to want to speed things up. Their new President is apparently going to devote substantial time to Texas per the recent PR. If they can't find another rig, we will have to wait until spring 07 for NW Speaks. I can't wait! Bobwins
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