Replies to post #15514 on Mostly: Classical

[amarksp]

Nope, not bearish on Energy at all. Making $40,000 of new working interest investments for my corporation in N Texas (Ochiltree County) in step out development wells. Hold a 1.78% WI in one well and 1.33% WI interest in another that should be finished drilling in next 60-90 days. Are you now bullish once again in Energy...? Do you favor oil or natgas?

Also, still continue to love fundamentals of SHY just north of Houston.
http://www.sharonenergy.com/news_2006_04.html

If Dickson #2 hits as hoped, this will about double SHY production.

Also, in regard to Allen Ranch holdings, note this:
"Relevant to Sharon's reserve potential in the Allen Ranch area, a competitor recently announced that it had drilled a deep, 17,500 foot Wilcox gas well, approximately one-half of a mile north of Sharon's acreage and had encountered 222 feet of gas pay. The competitor has now moved its rig to drill a similar deep well only 550 feet north of Sharon's lease line."
Allen Ranch field could be very significant and entire area reclassed to P&P reserves if results continue to be positive by SHY and others.