InvestorsHub Logo
Followers 123
Posts 7286
Boards Moderated 0
Alias Born 07/06/2012

Re: Timothy Smith post# 138

Sunday, 07/08/2012 10:55:06 PM

Sunday, July 08, 2012 10:55:06 PM

Post# of 320
Lots of acreage which is great. What is the potential recovery of the underlying mineral reserves?

New Mexico Operations

Colfax County (The Raton Basin), New Mexico

222,855 gross acres of wholly owned mineral interests (fee simple)

Additional 2,400 net acres under lease

Look-alike geological analogue to the Tucumcari Basin producing gas to the south

Operationally similar to the Deep Cotton Valley / Bossier in East Texas at 15,000 feet

Resource potential of 4 to 7 TCF gas-in-place

Presently continuing development of geological data and analysis prior to implementation of drilling plan

*All acreage is approximated as of Fiscal Year End April 30, 2011



Texas Operations

West Texas (Permian Basin) - Tom Green County, Texas

1,063 net acres under lease in the prolific Permian Basin

623 net acres are held by production by two wells

East Texas - Panola, Houston, Angelina and Cherokee Counties, Texas

9,053 net acres under lease in the East Texas Basin

2,366 net acres are held by production by four wells

*All acreage is approximated as of Fiscal Year End April 30, 2011


"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.