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Bassanio

06/15/14 8:55 AM

#48 RE: jugs #47


Those who believe in the story of this seeking alpha author: are You aware of the fact that LNREF bought Eagle Ford acres from CWEI and just a little later seems to have written up the reserves by 7.4 Million BOE.

Yes, their is an independent resource estimate, which supported this write up, but what has the author told about the credibility of independent auditor?

Why should CWEI have underestimated these acres so heavily?
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jockinmikeg

06/15/14 6:20 PM

#50 RE: jugs #47

Thank you. Compared to earnings, the play is undervalued. The O/S and float is a bit higher than I would like for a long term hold, but it certainly does provide liquidity.