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Re: Footloose post# 4383

Thursday, 02/05/2015 1:48:31 PM

Thursday, February 05, 2015 1:48:31 PM

Post# of 5439
Could be foot. I do see a pattern in the AMI where JW is doing business at. I have large maps of the KY and CA AMI lease that are detailed. KY was a good last PR- yet market didn't respond with share movement which didn't surprise me. This rarely moves on it's own usually needs a penny stock promoter to give it a push since it's not traded on a major exchange with not much daily traffic. The low cost wells are pretty shallow in the AMI which means they are not as capital intensive- when you have 25 daily barrels being pumped with a good WI and %'s - punching in a mile of poles of and electrical lines to reach that well isn't a big deal-it's factored in. Took them about 5 days for Sherman to lay line-poles, tank, and prepare 1/2 acre flat pad. Then another 4 days to drill with a Kenai #38 that includes set-up, breakdown and putting blowout in.

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