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Re: Bobwins post# 2300

Saturday, 04/05/2008 10:09:46 AM

Saturday, April 05, 2008 10:09:46 AM

Post# of 17741
Bob, I was visiting some relations down in WVa and asked one lawyer who is active in timber and mineral leases what going on. He says GAS, lots of new leases and drillers go 5000ft down into Marcellus shale then open a chamber that will flow for years. The wells cost 1 to 3 million each but the higher NG prices make it payoff. Chesapeake CHK says they have a million acres under lease, Dominion (D) which also is actively building wind farms near our vacation home in Canaan Valley,WV also holds large acreage as does Cabot Oil & Gas COG.

Another smaller player is called PetroEdge but couldn't find any symbol.
http://biz.yahoo.com/ibd/080404/newamer.html?.v=1
The other article was in the Charleston Gazette, March 23
"Getting ready for a Gusher" maybe online.

Could resist buying more APV.to on this surge to 2.25. Hope springs eternal.
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