InvestorsHub Logo
Followers 29
Posts 2390
Boards Moderated 0
Alias Born 11/29/2006

Re: trupm007 post# 28407

Wednesday, 09/15/2010 7:49:26 PM

Wednesday, September 15, 2010 7:49:26 PM

Post# of 45178
Quit making things up, You are doing a GREAT disservice to investors. Of course many savvy investors already know BS when they read it. $10 mil is the average to drill and equip an average Haynesville Shale well. Those figures are widely availible. BDGR has no infrastructure in place for such well either. I have no doubt the Hynesville formation exists in the area of Dragon but it transitions to sand near there in an uplift. In short, it is less pressure, less productive, less economical to drill and produce.
Here is one of the many articles on the cost:
http://shale.typepad.com/haynesvilleshale/2010/03/petrohawk-energy-drives-costs-down-in-the-haynesville-shale.html
I am curious as to your source.