Replies to post #414 on Quicksilver Resources Inc. (fka KWKAQ)

[DocLevi]

Quicksilver ain't goning away. They have the deal with Eni that provided the capital for:

....The agreement provides that Eni pay $52 million to earn a 50% interest in all of Quicksilver's acreage. These dollars are targeted to carry Quicksilver in as many as 5 completed wells, geophysical and associated land costs.... http://investors.qrinc.com/releasedetail.cfm?ReleaseID=867942

And "The company is currently drilling the Mitchell #1H, the second of its JV wells with Eni, targeting a combined section of the Bone Springs and Wolfcamp formations. This well is expected to be completed in a 5,000-foot lateral beginning in late September as completion equipment becomes available."

So is the worry something went wrong with second well?

At Big Spring they found new oil wealth below a once too hard to economically penetrate hard rock by fracing acid the hard rock to drill through below to it.... hmmm Oil had to be about 85/bbl to do that... Don't know if formation is in KWK area... just saying so they don't overlook it.

http://www.eni.com/en_IT/media/press-releases/2014/08/2014-08-27-PR_WestTexas.shtml

Here's your 2004 AG Edwards http://online.barrons.com/news/articles/SB10736995261216100?tesla=y