InvestorsHub Logo

pericles

04/03/06 12:25 PM

#2848 RE: Jack Weaks #2847

Looking at the news we sure are getting more information than Brian gave us. I have a few comments, first the Gordondale well that we thought was a bust, well it is not they are producing 500 mcf/d of gas. Also they seem to be having trouble with water at Teepee Creek in the notes they say the 4-10 well was shut by water in January and will not be started again.

More positives than negatives, earnings were actually better than I expected, they increased their line of credit too 6.5 million from five and are moving at a much faster pace than Brian. Too me the next significant news is the production number at Gold Creek.
Also go their gas deal partially approved by EUB, not sure what that means?