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Re: pennyplayer2 post# 2860

Friday, 04/08/2011 3:34:49 PM

Friday, April 08, 2011 3:34:49 PM

Post# of 6903
I think the other way - there is a possibility of the sp going down to the 30s. There are still lot of uncertainties in regards to recovery of considerable amount of gas economically. It is a very expensive well and the recoverable gas should be substantial to justify economic viability. Also, market needs to know the source and amount of financing to complete the well as well as the terms of conditions of the financing. If they don't confirm they have secured financing for completing the well by next Tuesday, the sp will likely go lower. JMHO.

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