Geo,
I know that most of the drilling in that area is shallow (Frio around 3000 ft and some Wilcox around 10,000 ft) but that area is in the heart of the Tuscaloosa Marine Shale. I think horizontal drilling and fracturing is coming to the area. It is already happening just to the East in Avoyelles Parish, La. in the Austin Chalk (POGLY.PK). I think there is a possibility the Austin Chalk could extend into Miss.
I am always looking for early plays in the oil patch. Several companies came across my radar that are working in this area and have large land holdings (Lexaria,Cheetah,Brinx).
I did pretty well getting in on early shale plays in the Bakken and Niobrara. KOG,SSN,SDCJF (I still own some shares of these). My major loldings are MNLU and AEXP.
I am also following some companies in the Aberto/Montana Bakken. A couple of these had news out today. PETEF.PK., ROAOF.PK
