InvestorsHub Logo
Followers 204
Posts 4240
Boards Moderated 0
Alias Born 05/26/2010

Re: None

Wednesday, 02/23/2011 6:04:20 PM

Wednesday, February 23, 2011 6:04:20 PM

Post# of 835
I have to tell you, been watching this since pre-split, waited for the sellers, and took hold here about a month ago. For the life of me, I can not believe this sold off(less the dividend shares). These guys are very real players, and given the recent climate, why would this not be in a stronger mode? People are just not getting it here, oh well. Recent news here for Montague County provided by EOG resources on 2/18/2011(NYSE:EOG):

"In the Fort Worth Barnett Shale Combo where it drilled over 230 net wells in 2010, EOG continues to make operational improvements that are increasing per well reserves and lowering individual well costs. The Ava Unit #1H and #2H were completed with initial production rates of 337 and 489 Bopd with 311 and 524 thousand cubic feet per day (Mcfd) of liquids-rich natural gas, respectively. The Hailey Unit #1H and #2H were completed with initial rates of 335 and 320 Bopd with 207 and 261 Mcfd, respectively. EOG has 100 percent working interest in all four Montague County wells. EOG plans to run an active drilling program in the Barnett Shale Combo again this year."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7738436

Just a refresher, know your neighbors, hard to stay quite about this, but it is very nice, I must say.

"EOG has leases surrounding the Topaz leases and has shot 3-D seismic on large sections of Montague County (including the Topaz project area)"

http://www.topazresourcesinc.com/barnett-oil.php