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Re: gqmixmaster post# 38434

Saturday, 08/09/2008 2:54:14 PM

Saturday, August 09, 2008 2:54:14 PM

Post# of 51429
Of course it matters, IMO. People can mince words all they like, but the accessibility of the reserves has to matter. So does whether or not they are currently producing. How much it matters is hard to say.

A lot of the information about other buyouts that has been posted on this board has not only included reserves, but also how much those reserves were currently producing. Hemi is currently at a disadvantage because of the local market for gas, but along the lines of what I think BigMur was saying that may not matter much to a bigger player.

Hemi has a ways to go to make their current reserves a little more attractive, but I don't think anyone can argue that Craig and crew are out there working their tails off doing a dang good job of it.

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